LIBRARY 

OF  THE 

University  of  California. 


GIFT  OF 


H.....S-...  H-ou. 

Class 


305( 


HAND   BOOK 


OF  THE 


New  York 
Fire  Insurance  Exchange 


CONTAINING 


THE  AGREEMENT,  LIST  OF   MEMBERS,  GENERAL  RULES 

AND  RATES,  CLAUSES  AND  PRIVILEGES,  FORMS 

AND    GENERAL  MINIMUM  RATES 


Compiled  and  Revised  to  April  i,  1903 

BY 

HENRY    E.    HESS 
Manager 


Press  or  Andrew  H.  Kellogg  Co. 
409-415  Pearl  Street 

New  York 


INDEX. 

Accrued  Warehouse  Charges 74,  75 

Acetylene  (Calcium  Carbide) 51 

Additional  Premiums 27,  45 

Adjustment  of  rates  issued  prior  to  formation  of  the  Exchange.. 53 

Adoption  of  Name 5 

Affidavit  risks  excepted  from  rule  regarding  Re-Insurance 29 

Agency 19,  22 

None  in  Manhattan  and  Bronx 20 

Exceptions 20 

Not  entitled  to  membership 19 

To  equal  Head  Office  in  rank 19 

Agency  Members 34 

Agents. 

Amenable  to  rules  and  rates 24 

Appointment  of,  must  be  reported  in  seven  days 25 

Appointments  if  objected  to 25 

Must  be  revoked 25 

Appeals , 25 

Brooklyn  Districts  defined 22 

Compensation 22 

Failing  to  file  premium  certificates  to  be  reported 26 

Forms  of  premium  certificates  to  be  issued  by 26 

Hoboken  Agents  not  to  write  in  New  York 23 

Hudson  County  Agents  not  to  write  in  New  York 23 

Jersey  City  Agents  not  to  write  in  New  York 23 

Names  and  addresses  to  be  filed 24 

New  Jersey  resident  Agents 23 

None  in  Manhattan  or  Bronx 20 

Of  Exchange  companies  may  not  represent  Non-Exchange 

companies 19 

Offices  must  be  in  districts  for  which  appointed 22 

Outside,  prohibited  from  writing  risks  in  Exchange  terri- 
tory  15 

Statement  of  payment  of  premiums  to  be  filed  by 26 

Agreement 5 

Allowance  of  discount  for  cash  payment  a  violation 27,  47 

For  Automatic  Fire  Alarm 38 

For  Automatic  Sprinklers 38,  39 

For  improvements 107 

For  Sole  Occupancy,  when  not  permissible..    70 

112678 


index.  ii 


Alterations  and  Repairs. 

Extraordinary  (Builders  Risk) 51 

Ordinary  (Mechanics  Privilege) 62 

Amendments  (changes  in  agreement) 31 

Annual  Risks 15 

Apartment  Hotels,  household  furniture  in 44 

Apartment  Houses 39,  40 

Area  of 39,40 

Definition  of 40,43 

Manager  authorized  to  rate  specifically 39 

Three  per  cent.  Limitation  Clause ...76 

When  Branch  Offices  may  write 40-42 

Warranty 39 

Appeals 14 

Application  for  rate 52 

Pass  to  accompany  if  needed 53 

Applications  regarding  transfers  from  storage  stores 17 

Appointments  of  Agents  must  be  reported  in  seven  days 25 

Appraisals  for  Co-Insurance 76,  77,  78 

Appraisers  of  Valuation  for  Co-Insurance,  names  of 78 

Certificate  to  be  issued  by 77,  78 

Requirements  for  position 77 

Removals  of 77 

Arbitration  Committee 11 

Accused  member  shall  not  serve  thereon 11 

Alphabetical  retirement  of  members 11 

Appeals  from  decisions  of 13 

Certificates  mailed  to  local  Companies 11 

Certificates  mailed  to  outside  Companies 12 

Chairman 11 

Composed  of 11 

Fines  may  be  imposed 12,  13 

May  authorize  substitution  of  policies 14 

Power  to  examine  books 12 

Power  to  examine  under  oath 12 

Refusal  to  reply,  considered  an  admission  of  truth 12 

Shall  employ  an  accountant  or  auditor 12 

Terms  of  office 11 

Area  of  operation 14 

Arrangements  against  rules  to  be  relinquished 31 

Information  as  to  such  arrangements 31 

Ash  or  Waste  Cans 103 

Assessments  for  Expenses 8 

Assignments  of  elevator  or  warehouse  policies 17, 18 

Automatic  Alarm  (see  also  Fire  Alarm) 38,  78 

Allowances  for 38 

In  Listed  Storage  Stores 38,  60 


INDEX.  Ill 


Automatic  Alarm— Continued : 

No  permit  granted  for  inoperative  condition 38 

Owned  or  installed  by  a  Broker 47 

Automatic  Sprinklers  (see  also  Sprinklers) 38,  39.  79 

Allowance  for 38,  39 

No  permit  granted  for  inoperative  condition 39 

Not  entitled  to  allowance  until  so  stated  on  rate  card 39 

On  separate  floors 38 

Owned  or  installed  by  a  Broker 47 

Automobiles,  privilege  to  keep Ill,  112 

Storage  stables  for 79 

Average  Clause,  Eighty  per  cent 81,  82,  83 

One  Hundred  per  cent 41,  56,  57,  84,  85 

Average  Rates 41.  42 

For  Blanket  Policies  may  be  made  only  by  Manager 42 

Basement,  or  Grade  Floor  Limitation 58 

Basements  sprinkled 40 

Discount  for 40 

Benzine 88,  89 

Bin  for  Excelsior  or  Packing  Materials 105 

Binders. 

Form  for  shall  be  prepared 16 

Must  be  at  rates  in  cabinets 41,  53 

On  rated  risks 52 

Binding  Risks 40 

Blanket  Policies 41,42 

Average  rates  for,  may  only  be  made  by  Manager 42 

Highest  rate  must  be  charged , 41 

On  building,  machinery  and  stock,  allowance  for 41 

On  merchandise,  furniture  and  fixtures,  allowance  for 41 

On  merchandise  in  cars  on  rails 41 

On  merchandise  in  or  on  piers 41 

On  two  or  more  buildings  communicating 41 

On  two  or  more  buildings  not  communicating,  no  deduction.  .41 

Blower  System 103 

Boarders  in  dwelling,  presence  of 80, 108 

Boiler  Room 103 

Brackets,  Gas 104 

Branch  Offices 19 

Amenable  to  rules  and  rates 24 

Apartment  Houses  may  be  written  by,  when 40 

Appointment  revoked 24 

Brooklyn  Offices 22 

Buildings    in   Course    of    Construction,    when   they   may 

write 12,48 

Classes  of  risks  allowed  to  be  written 20,  21 

Compensation  of  Managers 22,  24,  42 


INDEX.  IV 


Branch  Offices— Continued : 

Convents  may  be  written  by 21,  23 

Dealings  must  be  confined  to  members  represented 21,  22 

Form  of  premium  certificates,  to  be  issued  by 26 

Managers 42 

Not  to  be  employed  by  any  other  member 24 

Maintained  by  two  or  more  members 42,  43 

Must  provide  cabinet  for  list  of  Brokers 43 

Must  write  above  line  mentioned  in  Section  18  (c) 20 

Must  write  in  their  own  districts 22,  23,  24 

None  allowed  in  certain  districts 20 

No  brokerage  allowed 24 

Penalty  for  violation  by  Managers 24 

Policies  executed  in  blank  by  Head  Office  prohibited 21,  42 

Restricted  in  Borough  of  the  Bronx  to  West  of   Bronx 

River 21,43 

Salary  paid  Branch  Manager 42 

Specifically  rated  Apartment  Houses,  written  at 40 

Territory  allowed 20 

Brick  buildings  with  frame  extensions  take  frame  rate 50 

Brokers. 

Business  not  to  be  purchased 18 

Certificates 9 

Maybe  revoked 10 

Clerks  or  employees  of  assured  not  eligible 10 

Failure  to  renew  Certificate  in  season 10,  47 

Handlers  of  single  lines  not  eligible 10 

Held  responsible  for  an  employee's  violations 45 

Gifts  to 47 

May  not  act  as  agents  for  Non-Exchange  Companies 46 

Must  not  install  protective  equipments  of  any  kind 47 

Must  not  allow  commission  on  risks  outside  of  Exchange 

territory 46 

Not  to  receive  more  commission  from  Non-Exchange  than 

from  Exchange  Companies 46 

Pledge  required 10 

To  sign  an  agreement 10 

Pledge,  Class  1 37 

Pledge,  Class  II 37 

Presents  to 47 

Right  of  appeal  to  Arbitration  Committee 10 

Brokerage  and  Commission 18,  44,  45 

Allowance  of  rebate  forbidden 45 

Not  allowed  to  Branch  Manager 24 

Not  allowed  to  Broker  prior  to  date  of  application  for 

certificate 46 

Not  allowed  under  certain  conditions 13 


INDEX. 


Brokerage  and  Commission— Continued : 

Offer  of  rebate 44 

On  additional  premiums 46 

On  buildings  occupied  as  dwellings  and  stores 44 

On  furniture  in  apartment  hotels 44 

On  household  furniture  in  storage  warehouses 45 

On  risks  cancelled  by  order  of  Arbitration  Committee 46 

On  risks  outside  Exchange  territory 44,  45 

On  tornado  insurance 44 

Prior  to  date  of  application  for  Broker's  certificate 46 

To  employee  not  holding  certificate 46 

Brokerage  Committee 9, 10, 11 

Alphabetical  rotation  of  members 9 

Chairman 9 

Composed  of 9 

Certificates  to  be  revoked  by 10 

New  certificate  issued  to  such  Broker,  how 10 

Revoke  right  to  receive  commissions  for  a  stated  period. .13,  46 

Right  of  Broker  to  appeal  to  Arbitration  Committee 10 

Shall  secure  information  regarding  applications 9 

Terms  of  office 9 

To  certify  applicants 9 

Brooklyn  Branch  Offices  and  Agencies 22 

Buckets 103 

Builders  Permits,  renewal  of 51 

Builders  Risk  (extraordinary  alterations  and  repairs) 51 

Alterations  and  repairs,  extraordinary 51 

Building  Signal 86 

Buildings. 

Brick    buildings  with  frame    addition  or  extension   take 

frame  rate 50 

Communicating 54,  55 

Blanket  policy  on 41,  42 

Frame  attachments  to  brick  buildings 50 

Frame  buildings 109,  110 

Improvements  to 59 

In  course  of  construction 21,  48,  49 

Rates 48,49 

Requirements  for  policies  covering 48,  49 

Outbuildings 118 

Policies  covering  Contingent  Liability  on  buildings 50 

Unoccupied 73 

Building  Rates 50 

Cabinets  and  cards,  rate,  property  of  the  Exchange 16 

Calcium  Carbide  (Acetylene) 51 

Privilege  to  use 88,  89 

Cancellations,  because  of  violations 13 


INDEX.  VI 


Cancellations  and  Rebates 16 

Cancellation  Notices 25,  26 

Cancelling  and  Rewriting  Policies 17 

Cards  and  cabinets,  rate,  property  of  the  Exchange 16 

Cards  found  incorrect  must  be  reported 53 

Cash  payments,  discount  for,  a  violation 27,  47 

Ceilings 104 

Certificates  under  Open  Entry  Policies 51,  52 

Certificate,  Premium,  form  of 26 

Changes  of  interest  not  to  be  recognized  in  advance 53 

Changes  of  Occupancy,  Construction  or  Hazard 52,  58 

Binders  on  rated  risks 53 

New  rate  issued  same  day  as  application,  governs 53 

Pass,  when  required,  to  accompany  application  for  rate 53 

Privilege  to  open  new  communications 53 

Reductions  in  rate  must  not  be  dated  back 52 

Changes. 

In  Agreement 31 

In  Committees,  notice  of 11 

Charge  for  endorsement  for  extra  premium 66 

Charge  of  less  than  25c.  additional  premium  may  be  waived 28 

Charges  against  a  fellow  member 14 

How  made 14 

Source  not  to  be  indicated 14 

Church,  Chapel  or  Sunday  School  Form 90,  91 

Cigar  Factories  and  Stores 54 

Clauses,  Privileges,  and  Warranties 76-89 

Apartment  House,  3%  Limitation 76 

Automatic  Fire  Alarm 78 

Automatic  Sprinkler 79 

Automobile  Storage  Stables 79 

Average,  Eighty  percent 81,  82,  83 

One  Hundred  per  cent 84,  85 

Certificate  of  valuation  for  Co-Insurance 76,  77,  78 

Clear  Space  Warranty 79 

Co-Insurance,  Eighty  per  cent 81,  82,  83 

Full 84,  85 

Consequential  Loss  Exclusion 79,  80 

Distribution 80 

Dwelling  Warranty 80 

Dynamo 81 

Eighty  percent.  Average 81,  82,  83 

Electric  Light 83,  84 

Flat  House  Warranty 80 

Floor  Clause  in  Fire-proof  Buildings 85 

Materials,  Work  and 88,  89 

Occupancy  Warranty 84 


INDEX.  Vll 


Clauses,  Privileges  and  Warranties— Continued: 

One  Hundred  percent.  Average 84 

Pattern  (ten  percent.)  Limitation 85 

Personal  Property  (three  per  cent,  limitation) 76 

Private  Warehouse  Warranty 85 

Bent 86 

Special  Building  Signal 86 

Telephone  and  Telegraph  Station 86,  87 

Theatre  Warranties : 87 

Watchman  and  Clock 87 

Wharf 87,88 

Work  and  Materials 88,  89 

Waiver,  in  violation 74 

Clear  Space  Warranty 79 

Clerk  of  assured,  no  brokerage  to 18 

Clothing  Manufacturing 115 

Co-Insurance 56 

Appraisals  for 76,  77,  78 

Covering  Household  Furniture 57 

Eighty  per  cent,  rules 57,  81,  82,  83 

Full 56,57 

In  building  policy 57 

Maybe  modified 82 

May  be  dispensed  with 82 

Working  a  hardship  to  assured 82 

Cold  Storage,  Consequential  Loss  in 55,  56 

Commission  not  to  be  allowed  for  re-insurance  of  Non-Exchange 

companies  by  members 29 

Commissions  and  Profits,  no  allowance  for  Full  Co-Insurance 

Clause 54 

Committees. 

Arbitration 11 

Brokerage 9, 10, 11 

Executive 8,  9 

Nominating 7 

Rate 8,  9 

Common  Carriers 91,  92 

Communicating  Buildings 54,  55 

Blanket  Policies  covering  on .54 

Privilege  to  open  new  communications 53,  54,  55 

With  non-approved  doors 55 

Communications 104 

Companies  represented  by  members 35,  36 

Company  Members 33,  34 

Company  to  notify  Manager  whether  Agent  or  Company  to  vote. .  .8 

Compensation  of  Branch  Managers 22,  24,  42,  43 

Composition  of  Membership 6 


INDEX.  Vlll 


Competitive  Rates 55 

Condition 104 

Consequential  Loss  in  Cold  Storage 55,  56 

Loss  Exclusion  Clause 79,  80 

Construction,  fire-proof  and  superior 56 

Contingent  Liability  on  buildings 56 

Contingent  Commission  to  Branch  Managers,  a  violation 43 

Convents  may  be  written  by  Branch  Managers 21 

Correction  of  Deficiences,  Requirements  In 103, 105 

Cotton  Floaters 93,  99 

Debris,  Removal  of 64 

Decisions  to  be  abided  by 5 

Deductions,  Order  in  which  shall  be  made 63 

Defective  Electrical  or  Heating  Apparatus,  charge  for 73, 110 

Deficiences,  Requirements  in  Correction  of : 

Ashes 103 

Blower  system 103 

Boilers 103 

Buckets 103,104 

Ceilings  or  side  walls 104 

Communications 104 

Condition 104 

Fire  heat 104 

Flues 104 

Floor  openings 104 

Gas  Brackets 104 

Heating 104 

Lighting 104 

Oily  Waste  or  Rags 104 

Packing  Materials 105 

Shavings  Vault 105 

Shutters 105 

Skylight 105 

Storage  of  Oils,  etc 105 

Unsafe  Heating  Apparatus 105 

Waste  or  Rags,  oily 104 

Watchman  and  Clock 105 

Watchman's  Lantern 105 

Dental  tools  and  physicians  Implements 117 

Discount  for  cash  payment  a  violation 27,  47 

Distribution  pause 80 

Rules   covering   apply  when  policy  Is  written   under  an 

average  rate 41 

Doors,  non-approved 55 

Dressmakers  and  milliners  in  dwellings 71, 117 

Dry  Goods  District  Boundaries 56 

Drying 104 


INDEX.  IX 


Dwelling  Occupation,  Warranty  for 107 

Dwellings. 

Charge  if  personal  property  is  included  in  building  form.. 58,  59 

Dressmakers  and  milliners  in 71, 117 

English  Basement 71 

Floater  covering  in 44,  46 

High  Stoop 70,71 

Long  Island  City 61 

Occupied  also  as  store 61 

Presence  of  boarders  in 80, 108 

Warranty 80, 107 

Dynamo  Clause 81 

Educational  Institutions 21 

Eighty  per  cent.  Co-Insurance  or  Average  Clause 81,  82,  83 

Election  of  Officers 6 

Electric  Light  Clause 83,  84 

In  Electric  Car  Barns 84 

In  Electric  Light  and  Power  Stations 84 

In  Listed  Cold  Storage  Stores 60 

Electrical  and  Heating  Apparatus,  defective,  charge  for.. 73,  74, 110 

Employees  of  Exchange 7 

Employee  of  Broker  not  holding  a  certificate,  brokerage  not 

allowed  to 46 

Employment  of  an  employee,  agent  or  Branch  Manager  of  a 

Non-Exchange  company 24 

Endorsement  for  payment  of  extra  premium,  failure  to  charge 

for 66 

Error  and  Omission  Policies 75 

Excelsior,  Bin  for 105 

Exchange  business,  brokerage  on 18 

Exchange  rates  as  restored 106, 108 

Executive  Committee 8,  9 

Alphabetical  retirement  of  members 9 

Chairman  of 9 

Change  bi-monthly 9 

Composed  of 8 

Expenses,  assessment  for 8 

Explosives,  permission  to  use 88,  89 

Exposures  under  L.  I.  City  rates 61 

Extensions,  frame,  make  brick  buildings  rate  as  frame 50 

Extension  of  time  for  payment  of  premiums 28 

Ex-officio  members  of  Standing  Committees 6 

Factories,  Cigar '. ."......". 54 

Failure  to  attend  meetings,  fine  for 7 

Failure  to  charge  for  endorsement  for  extra  premiums 66 

Failure  to  correct  or  cancel  a  policy  in  error  a  violation 6 

Failure  to  renew  Broker's  certificate  in  season 10 


INDEX. 


Fines  by  Arbitration  Committee 12 

Fine  for  non-attendance  at  meetings 7 

Fire  Alarm,  Automatic 88 

Allowance  for 88 

Allowance  when  in  Listed  Storage  Stores 38,  60 

Inoperative  condition  of 38 

Owned  or  installed  by  a  Broker 47 

Fire  heat 104 

Fire-proof  construction 56 

Fireworks 88,  89 

Charges  for 119 

Fixtures 57 

Flat  House  Warranty 80, 108 

Household  furniture  transferred  to 59 

Denned 118 

Floating  Policies  covering  outside  jurisdiction,  brokerage  on.... 46 

Floater  covering  in  dwellings  or  stores  and  dwellings 46 

Floater  Forms 93, 101 

Floor  clause  in  fire-proof  buildings 86 

Floor  openings 104 

Flues 104 

Forms. 

Broad  excess  cotton  floater 99 

Broad  excess  floater,  excluding  cotton 97,  98 

Broad  limited  cotton  floater 99 

Broad  limited  floater,  excluding  cotton 98,  99 

Chapel 90,  91 

Church 90,  91 

Common  carrier 91,  92 

For  policies  and  binder 16 

Floater 93 

Graded  grain 100 

Legal  liability 91,  92 

Manufacturing  floater 101 

Ordinary  excess  cotton  floater 96 

Ordinary  excess  floater,  excluding  cotton 93,  94 

Ordinary  limited  cotton  floater 97 

Ordinary  limited  floater,  excluding  cotton 95,  96 

Outside  dry  goods  district 102 

Pawnbrokers 101, 102 

Sunday  school 90,  91 

Foundations  below  the  level 57 

Fourteen  day  rule 52 

Fractional  part  of  a  cent  in  calculating  premiums 65 

Frame  buildings 109, 110 

Frame  extensions  or  additions,  make  brick  buildings  rate  as 
frame 50 


INDEX.  XI 

Full  Co-Insurance  or  100  per  cent.  Average 56,  57 

Full  term  of  Builders  Risk 51 

Furniture,  household 58,  59 

Transfer  of  policies  covering 59 

Furniture  and  fixtures 57,  58 

When  electrical  apparatus  included 57,  81 

Gas  brackets 104 

Gas  engine  in  store  and  dwelling  risk 70 

Gasoline,  privilege  to  use 88,  89 

General  Minimum  Rates 109-134 

General  waiver  of  Work  and  Materials  Clause 88 

Gifts  to  Brokers 47 

Grade  floor  and  basement,  limitation 58 

Graded  grain  clause 100 

Grievance  or  Arbitration  Committee 11 

Gunpowder,  privilege  to  use 88-89 

Hazard,  changes  of 52,  53 

Heating 104 

Heating  and  electrical  apparatus,  defective,  charge  for.. 73,  74, 110 

High  stoop  dwellings 70 

Hoboken  Agents  not  to  write  in  New  York 23 

Hotels. 

Household  furniture  in 58 

Raines  Law 64,110 

Household  furniture 58,  59 

In  apartment  hotels 44 

In  hotels 58 

In  living  apartments 58 

In  storage  warehouses 17,  58,  59 

Personal  property  of  guests  of  hotels 58 

Transfer  of  policies  covering 17,  59 

Hudson  County  Agents  not  to  write  in  New  York 23 

Hudson  River  Stores,  Consequential  Loss  clause  in 55 

Improvements  to  buildings 59 

Covering  throughout  entire  building,  or  on  specific  floors.... 59 
Increase  in  amount  of  insurance  on  risks  not  permitted  to  be 
written  by  Branch   Managers   must  be   at  short 

rates 65 

Increase  of  hazard  without  notice 53 

Increase  of  rate  under  policy  issued  at  Exchange  rate  before 

January  10th,  1900 72 

Ineligibility  to  membership 6 

Information  as  to  arrangements  against  rules  to  be  furnished.. 31 
Insurance. 

In  non-Exchange  companies 44,  47 

Marine 25 

Tornado 25,  44 


INDEX.  Xll 


Jersey  City  Agents  not  to  write  in  New  York 23 

Jobbing  Painters,  subject  to  specific  rate 70 

Leases 59 

Policies  blanketing  household  furniture 57 

Pro  rata  rate 59 

Legal  liability  forms 91,  92 

Liability  for  rent  of  piers  and  bulkheads 64 

Lighting 104 

Limitation  Clause  3%  in  apartment  houses 76 

List  of  Members 33,  34 

Listed  storage  stores 59,  60 

Local  tariff  to  govern  property  outside  the  Exchange 28,  29 

Long  Island  City  dwellings 61 

Long  Island  City  rates 61 

Long  Island  City  stores 61 

With  dwelling  above  grade  floor 61 

In  rows  of  three  or  more  frame  buildings  adjoining 61 

Eighty  per  cent,  clause  required 61 

Loss  in  cold  storage 55,  56 

Machinery  at  building  rates 62 

Manager  of  Exchange? 7 

Managers,  Branch 42 

Amenable  to  rules  and  rates 24 

Apartment  houses  written  by,  when 42 

Appointment  revoked,  if,  not  to  be  employed 24 

Brokerage  not  allowable  to  an  employee  not  holding  a 

certificate 46 

Can  act  also  as  head  office  agent 42 

Compensation  of 22,  24,  42,  43 

Contingent  commission  to,  a  violation 43 

Dealings  must  be  confined  to  members  represented 21 

If  appointments  objected  to 25 

Must  be  revoked 25 

Appeals 25 

Maintained  by  two  or  more  members 42 

Maintaining  an  office  above  and  below  42nd  Street 43 

Must  do  business  at  assigned  location  solely 24 

Must  provide  cabinet  for  list  of  Brokers 43 

Names  and  addresses  to  be  filed  with  Manager 24 

Not  allowed  brokerage 42 

Omission  to  send  out  cancellation  notices 27 

Penalty  for  violations 24 

Policy  issued  prior  to  formation  of  Exchange 43 

Restricted  in  Borough  of   the    Bronx  to  west  of  Bronx 

River 21,43 

Risks  permitted  to  be  written  by 42,  43 

Salary 22,24,42 


INDEX.  Xlll 


Managers,  Branch— Continued. 

Specifically  rated  risks  written  by 42,  43 

Stables,  written  by 43 

Manufacturing  floater 101 

Manufacturing  Risks. 

Hand  power,  shall  include 126 

Steam  power,  shall  include 126 

Marine  Insurance 25 

Market  Price 62 

Mechanics  Privilege— ordinary  alterations  and  repairs 62 

Alterations  and  repairs,  ordinary 62 

Elevator  shafts 51 

Endorsement,  full  term 51 

Fire-proof  risks 51 

Standard  Policy 51 

Mechanics  Tools 62 

Meetings 7 

Fine  for  non-attendance 7 

Members. 

Agency 34 

Companies  represented  by,  list  of 35,  36 

Company 33,  34 

List  of 33,34 

Not  having  offices  in  New  York  not  to  be  fined  for 

non-attendance  at  meetings 7 

Must  not  employ  employees  of  Non-Exchange  companies.... 24 
Not  to  write  risk  which  Branch  Manager  has  cancelled  by 

order  of  Arbitration  Committee 13 

Pledge  of 31 

Re-insuring  Non-Exchange  companies— not  to  allow  com- 
mission  29 

Signature  to  Agreement  and  Pledge 32 

Membership 6 

Merchandise. 

In  cars  on  tracks 41 

Policies  on  stock  of,  if  written  for  more  than  one  year.... 71,  72 

Milliners  and  dressmakers  in  dwellings 71, 126 

Minimum  rates 109-134 

Moulds,  patterns,  etc.,  policies  covering 85 

Name  adopted 5 

Naphtha,  privilege  to  use 88,  89 

New  communications,  privilege  to  open 53,  54,  55 

New  Jersey  territory,  Exchange  rates  in 108 

New  Jersey  Resident  Agents 23 

No  brokerage  to  clerk  of  assured 18 

No  other  kind  of  risk  to  be  covered  in  Fire  Policy 25 

Nominating  Committee 7 


or  THE 

UNIVERSITY 


INDEX.  XIV 

Non-attendance  at  meetings,  fine  for 7 

Notice  of  changes  in  committees 11 

As  to  who  shall  answer  roll  call 8 

Of  cancellation 25-26 

Object  of  Exchange 5 

Occupancy  (see  also  Sole  Occupancy) 84 

Changes  of 52 

Officer  or  employee  of,  or  person  sharing  office  accommodation 

of  Non-Exchange  Company  ineligible  to  membership.. 6 
Officers,  election  of , 6 

Of  Exchange,  to  be  ex-officio  members  of  committees 6 

Oils,  storage  of 105 

Oily  waste  and  rags 105 

Omission  and  Error  policies 75 

One    Hundred     per    cent.    Average    or    Full    Co-Insurance 

Clause. 41,  56,  57,  84,  85 

Open  Entry  Policies,  Certificates  under 51,  52 

Open  Entries 28 

Rate 28 

Time  of  closing 28 

Order  in  which  deductions  shall  be  made 63 

Order  of  business 7 

Other  floor  clause  in  fire-proof  building 85 

Out-buildings 118 

Out>of-town  Members 6 

Not  having  offices  in  New  York  exempt  from  fine  for  non- 
attendance  at  meetings 7 

Signatures  of 6 

Outside  risks,  brokerage  on 28 

Packing  materials,  bin  for 105 

Painters,  jobbing,  subject  to  specific  rate 70, 110 

Pass  to  accompany  application  for  rate 53 

Pattern  Limitation  Clause,  ten  per  cent 85 

Pawnbrokers 101, 102 

Penalty  for  violations 12, 13 

Personal  Property  (3%  limitation) 76 

Pew  Rents 64 

Physicians  implements  and  dental  tools 117 

Pledges  of  Broker 37 

Pledge  of  Member 31 

Policies,  Forms  for,  to  be  prepared 16 

Blanket 41,42 

Average  rate 41 

Co-Insurance  clause  in 41 

Covering  merchandise  in  cars  on  tracks 41 

On  communicating  buildings 54,  55 

Rates  to  be  charged 54,  55 


INDEX.  XV 


Policies,  Forms  for— Continued. 

Blanket— Standard  Distribution  Clause  in  blanket  policy.. 41 

Cancelled  and  immediately  rewritten 17 

Cancelled  pro  rata 16 

Cancelled  for  non-payment  of  premium,  list  of  to  be  published.26 

Covering  contractors  on  Public  School  Buildings 49 

Covering  Patterns,  Moulds,  etc 85 

Executed  in  blank  by  Head  Office  prohibited 21,  42 

In  error,  failure  to  correct  or  cancel  a  violation 6 

Issued  prior  to  Exchange  by  Branch  Manager 43 

May  not  be  cancelled  pro  rata 16 

Ordered  cancelled. 

By  whom  rewritten 13 

No  brokerage  on  rewritten  policy 13,  46 

Reinstated  after  a  fire 66,  72 

Term 71,72 

Definition  of 71 

On  hotel  furniture 58 

On  household  furniture 71 

Substitution  of 14 

Warehousemens 74 

Policy  covering  in  and  outside  Exchange  territory 28 

Policy  Form  outside  Dry  Goods  District 102 

Power  and  electric  light  stations  do  not  require  privilege  for 

electric  lights 84 

Preamble  to  Agreement 5 

Premium  Certificate,  Form  of 26 

Premiums. 

Additional 27,45 

Cancellation   notice   withheld    on   account  of  credit   due 

Broker 27 

Charges  under  25c.  may  be  waived 28 

Checks  dated  later  than  time  fixed 27 

Checks  in  payment  held  more  than  24  hours 27 

Collection  of  on  policies  located  outside  jurisdiction 27 

Direct 27 

Manager  shall  report  names  of  delinquents 26,  27 

Notice  of  Cancellation 25,  26 

Payment  of 25 

Policy  cancelled  for  non-payment  of,  to  be  published 26 

Re-Insurance 27 

Time  for  payment  of  may  be  extended 28 

Private  Warehouses 63,  85 

Privileges,  Clauses,  and  Warranties... 76,  89 

Privilege  for  use  of  Benzine  and  similar  articles 88,  89 

To  keep  automobiles Ill,  112 

To  open  new  communications 53 


INDEX.  XVI 

Presents  to  Brokers 47 

Presence  of  boarders  in  dwelling- 80,  108 

Profits  and  commissions 54 

Property  in  yards,  rates  on 53 

Property  outside  the  Exchange,  local  tariff  to  govern 29 

Quorum 8 

Railroad  Property 63 

Raines  Law  Hotels 64, 110 

Rate  cabinets  and  cards,  the  property  of  the  Exchange 16 

Rates 15 

As  restored  January  10th,  1900 106, 107 

Building 50 

Buildings  in  Course  of  Construction 48 

Cards  found  to  be  incorrect 53 

Competitive 55 

Dry  Goods  District,  occupancy  privilege 50 

General  Minimum 109-134 

Governing  Re-Insurance  written  within,  on  Policies  cover- 
ing outside  Exchange  territory 29 

In  Exchange  territory  in  New  Jersey 108 

Issued  prior  to  the  Exchange,  adjustment  of 53 

Long  Island  City 61 

New  Jersey  territory,  Exchange  rates  in 108 

New  rate  on  day  of  application 53 

On  brick  buildings 50 

On  merchandise  in  Frame,   and  Brick  and  Frame  Build- 
ings  109,111 

On  property  in  yards 53 

On  Stores  and  Dwellings 50 

Reduction  of 16 

Short  tables  of 65-69 

Rate  Committee 8 

Composed  of 8 

Chairman  of 9 

Alphabetical  retirement  of  members 9 

Ratings  to  be  recommended  and  changes  thereof 15, 16 

Rebates  and  cancellations 16 

Rebates  on  Plate  Glass,  Casualty,  etc 44 

Rebates  not  allowed 19,  44,  45 

Reduction  of  Rate 16,  64 

Reductions  in  rate  must  not  be  dated  back 52 

Re-Insurance • 29,  30 

Affidavit  risks  accepted 29 

In  companies  not  admitted  to  transact  business  in  Exchange 

territory 29 

In  outside  companies 29 

Of  Marine  Insurance  Companies 30 


INDEX.  XV11 

Re-Insurance — Continued. 

Of  Non-Exchange  Companies  by  members,  no  commission 

to  be  allowed 29 

Of  policies  issued  prior  to  the  Exchange 30 

Railroad  terminal  property  excepted 30 

Written  within,  on   policies   covering   outside   Exchange 

territory,  rates  governing 29 

Removal  of  debris 64 

Renewals 40 

Rent  Clause 86 

Rents 64 

Liability  for  on  piers  and  bulkheads 64 

Repairs 51 

Requirements  in  Correction  of  Deficiencies 103, 105 

Resident  Agents,  New  Jersey 23 

Resignations 30 

Risks. 

Annual 15 

Builders 51 

Manufacturing 125, 126 

Hand  power  shall  include 126 

Steam  power  shall  include 126 

No  other  kind  in  fire  policies 25 

Short  term ..15 

Specifically  rated,  written  by  Branch  Manager ,.42,  43 

Term 15 

Unrated 15 

Written  at  Brooklyn  Branch  Ofilces 22,  43 

Roll  Call,  notice  as  to  who  shall  answer 8 

Rules  to  apply  to  all  risks 19 

Schoolhouses 21 

Shavings  Vault 105 

Short  Rates 65,66 

Tables  of 67,  68,  69 

Short  term  risks 15 

Shutters 105 

Signatures  of  out-of-town  members 6 

Skylight 105 

Sole  Occupancy 70 

Allowance  for 70 

In  risks  not  specifically  rated 70 

When  not  permissible 70 

Space  Clause  (Clear  Space  Warranty) 79 

Special  Building  Signal 86 

Sprinklers,  Automatic 38,  39 

Allowance  for 38,  39 

In  basement,  allowance  for 40 


INDEX.  XV111 

Sprinklers,  Automatic — Continued. 

Inoperative  condition 39 

Not  entitled  to  allowance  until  so  stated  on  rate  card 39 

Owned  or  installed  by  a  Broker 47 

Sprinkler  equipments  on  separate  floors 38 

Stables 131 

Automobile  storage 79 

Written  by  Branch  Managers 43 

Standard  Distribution  Clause 41 

Statements  to  be  filed 26 

Storage,  Cold,  Loss  in 55 

Storage  of  oils,  etc 105 

Storage  Stores. 

Listed 59,  60 

Private 63 

Stores  and  dwellings 70,  71 

Cigar 54 

Dressmaking  and  millinery  carried  on 71, 117, 126 

English  basements 71 

Floater  covering  in 44 

Gas  engine  in 70 

High  stoop 70,  71 

In  Long  Island  City  with  dwellings  above  grade  floor 61 

Jobbing  painter  in 70, 110 

Rates  on  stocks  in  (see  General  Minimum  Rates) 109-134 

Warranty 70 

Withdrawal  of  warranty 47,  71 

Stoves,  unsafe 105, 110 

Subjects  of  submission 5 

Substitution  of  policies 14 

Superior  construction 56 

Sunday  School  Form 90,  91 

Term  Risks 15 

Telephone  and  Telegraph  Station  Clause 86,  87 

Ten  percent.  Pattern  Limitation  Clause 85 

Term  Policies 71,  72 

Territory  excluded  from  the  Exchange 14, 15 

Theatre  Warranties 87 

Theatrical  Floater,  Rebate  on  a  violation 46 

Three  per  cent.  Limitation  Clause 76 

Time  for  payment  of  premiums  may  be  extended 28 

Tools 62 

Tornado  Insurance 44 

Transfers 16,  17,  72,  73 

From  listed  storage  stores 17 

Of  insurance  written  by  Non-Exchange  Companies 45 

Of  policies  covering  household  furniture 17,  59,  72,  73 


INDEX.  XIX 


Transfers— Continued . 

Of  policies  issued  prior  to  Exchange 72 

To  or  from  a  warehouse,  public  or  private 17,  72,  73 

Treasurer  under  bond 6 

Unoccupancy  Warranty 73 

On  apartment  houses  when  not  required 40,  73 

On  buildings  in  course  of  constrution 48,  73 

Unoccupied  Buildings 73 

Unrated  risks 15 

Unsafe  Flues 104 

Heating  apparatus 73,  74, 105, 110 

Stoves 105,110 

Use  and  occupancy 74 

Valuation  of  buildings  for  Co-Insurance 78 

Vault  for  shavings 105 

Violation  of  rules  by  an  employee 45 

Violations,  penalty  for 12, 13 

Waiver  Clauses  in  violation 74 

Waiver  of  acts  of  tenants  or  assured 52 

Warehousemen  Policies 74,  75 

Accrued  charges 74,  75 

Errors  and  omissions 75 

Warranties. 

Apartment  house 39 

Automatic  Fire  Alarm 78 

Automatic  Sprinkler 79 

Clear  Space 79 

Flat  house 80 

For  dwelling  occupation 107 

Occupancy 84 

Private  warehouse 85,  86 

Sole  Occupancy 70 

Special  Building  Signal 86 

Unoccupancy 73 

Theatre 87 

Watchman  and  clock 87 

Warranties,  Clauses  and  Privileges 76,  89 

Waste  or  ash  cans 103, 104 

Watchman  and  clock 87 

Watchmans  Lantern 105 

Wharf  Clause 87,88 

Withdrawals 30,71 

Work  and  Materials  Clause 88,  89 

Workingmens  Tools 62 

Writing  risks  in  Exchange  territory  by  outside  agents  pro- 
hibited  44,45 


ORDER  OF   ARRANGEMENT* 

The  Order  of  Arrangement  by  Sections  in  this  Book 
is  as  follows : 

AGREEMENT    UNDER    WHICH    EXCHANGE    IS    ORGANIZED. 

LIST    OF    SUBSCRIBERS    TO    THE    AGREEMENT. 

LIST  OF  COMPANIES  REPRESENTED  BY  MEMBERS  AND    AGENTS. 

BROKERS'    PLEDGES. 

GENERAL   RULES    AND   RATES. 

CLAUSES  AND   PRIVILEGES. 

FORMS. 

REQUIREMENTS    IN    CORRECTION   OF    DEFICIENCIES. 

EXCHANGE    RATES    AS    RESTORED    JANUARY    JO,   1900. 

EXCHANGE   RATES    IN    NEW   JERSEY    TERRITORY. 

GENERAL   MINIMUM   RATES. 

RULINGS  are  indicated  by  having  subjects  printed  in  HEAVY- 
FACE  TYPE,  and  the  Committees  making  them  are  indicated  by 
A.  C.  for  Arbitration  Committee;  B.  C.  for  Brokerage  Committee; 
E.  C.  for  Executive  Committee ;  R.  C.  for  Rate  Committee,  and 
S.  W.  C.  for  Storage  Warehouse  Committee. 


NEW  YORK  FIRE  INSURANCE 
EXCHANGE. 


AGREEM  ENT 

UNDER   WHICH    ORGANIZATION    WAS    EFFECTED 
MARCH    8th,  1699. 


Preamble 


Objects  of  Association 


Namt  adopted 


Subjects  of  Submission 
to  Arbitration 
Committee 


Decisions  to  be 
abided  by 


Section  1. 

Whereas  the  association  of  underwriters 
for  mutual  counsel  and  comparison  of  experi- 
ence is  necessary  for  the  determination  of  ad- 
equate and  just  rates  of  premium,  the  eco- 
nomical conduct  of  the  business,  the  prompt 
and  equitable  adjustment  of  losses,  the  ascer- 
tainment of  proper  and  safe  methods  of  con- 
struction of  buildings,  and  the  prevention 
and  extinction  of  fires  ;  and  whereas,  such  an 
association  of  underwriters  is  in  the  mutual 
Interest  of  the  underwriter  and  the  property 
owner ;  therefore, 

Section  2. 

In  pursuance  of  Section  21  of  the  By-Laws 
of  the  New  York  Board  of  Fire  Underwriters, 
the  subscribers  hereto,  by  our  signatures, 
affirm  our  support  and  membership  in  the 
New  York  Fire  Insurance  Exchange.  We 
agree  to  submit  any  doubtful  questions  as  to 
rates,  rules,  commission  or  brokerage  that 
may  arise  under  this  agreement  to  the  Com- 
mittee on  Arbitration  or  Grievances,  herein- 
after provided  for,  and  we  bind  ourselves  to 
abide  by  their  decision,  whatever  it  may  be, 


AGREEMENT 


6 


subject  to  appeal  to  the  Exchange  as  herein- 
after provided,  to  the  end  that  harmony 
and  goodfellowship  may  continually  prevail. 
When  a  member  calls  the  attention  of  an- 
other member  to  an  error  under  the  rules  in 
a  policy  issued  by  such  other  member,  the 
member  at  fault  shall  correct  or  cancel  such 
policy  within  ten  days  and  failure  to  either 
correct  or  cancel  the  policy  within  the  time 
specified  will  be  regarded  as  a  wilful  violation 
of  the  rules  of  the  Exchange.    A.C.,  12-21-99. 


Composition  of 
Membership 


Officers  Elected 
Annually 


Section  3. 

This  Exchange  shall  be  composed  of  officers 
of  local  companies  and  managers  and  agents 
of  out-of  town  companies  having  jurisdiction 
over  the  Metropolitan  District,  and  in  fixing 
the  number  of  Agencies  and  Branch  Offices 
each  local  company,  each  manager  and  each 
Metropolitan  agent  shall  be  placed  upon  the 
same  footing.  While  the  membership  and 
obligation  are  personal,  the  signature  of  an 
officer  of  each  out-of-town  company  to  the 
agreement  shall  be  required. 

The  privilege  of  membership  to  any  person 
who  is  at  the  same  time  an  officer  or 
employee  of,  or  shares  an  office  accommoda- 
tion with,  a  Company  not  a  member  of  the 
Exchange,  is  against  the  spirit  and  letter 
of  the  Agreement,  and  such  person  or  the 
Company  he  represents  is  ineligible  to  mem- 
bership. 12-11-01. 

Section  4. 

(a)  Its  officers  chall  consist  of  a  President, 
a  Vice-President  and  a  Secretary  who  shall 
also  act  as  Treasurer.  Such  officers  shall  be 
elected  by  ballot,  annually,  by  a  plurality 
vote  of  all  the  members  present  and  voting. 
The  Treasurer  shall  furnish  a  bond  for  the 
faithful  performance  of  duty,  and  the  Ex- 
change shall  fix  the  place  of  deposit  for  funds. 
The  officers  of  the  Exchange  shall  be  ex-otiicio 
members  of  all  Standing  Committees. 


AGREEMENT 


Manager  and 
Employee* 


Meeting! 


Nominating  (b)  It  shall  be  the  duty  of  the  President  at 

Committee  to  be  least  two  weeks  previous  to  the  annual  meet- 

Appointed  lag   to   appoint   a   Nominating   Committee 

consisting  of  seven  members,  three  members 
representing  Local  Companies,  two  represent- 
ing Agency  Companies,  and  two  representing 
Foreign  Companies,  who  shall  nominate  a 
ticket  for  the  ensuing  year,  and  such  nomina- 
tions shall  be  published  to  members  at  least 
one  week  previous  to  the  annual  meeting. 

Section  5. 

The  Exchange  shall  elect  a  Manager  and 
such  assistants  and  pay  them  such  salaries  as 
the  Executive  Committee  shall  recommend 
and  the  Exchange  approve  by  a  ninety  per 
cent,  vote  of  the  members  present  and  voting 
at  a  meeting  regularly  called. 

Section  6. 

(a)  Meetings  of  the  Exchange  shall  be  held 
at  such  times  as  the  Executive  Committee 
shall  direct  or  may  be  called  by  the  President 
at  the  written  request  of  any  five  members. 
Regular  Meetings  shall  be  held  on  the  Second 
Wednesday  of  each  month  ;  the  meeting  in 
March  shall  be  considered  the  Annual  Meet- 
ing. 

Order  of  Business  (b)  At   all  regular  meetings  the  order  of 

business  shall  be  as  follows  :  1.  Calling  the 
roll.  2.  Reading  the  minutes.  3.  Reports  of 
standing  committees  in  following  order : 
Arbitration,  Brokerage,  Executive,  Rate.  4. 
Reports  of  special  committees.  5.  Unfinished 
business.    6.  New  business. 

Fine  for  Failure  to  (c)  Any  member  failing  to  attend  any  regu- 

Attend  Meetings  larly  called  meeting,  either  personally  or  by 

qualified  representative  shall  pay  into  the 
treasury  of  the  Exchange  for  each  such  meet- 
ing at  which  such  member  is  not  represented 
the  sum  of  One  Dollar,  which  shall  be  applied 
toward  defraying  the  expenses  of  the  Ex- 
change. In  the  case  of  a  member  not  having 
an  office  or  representative  in  New  York,  no 


AGREEMENT 


8 


Notice  as  to  who  shall 
Answer  Roll  Call 


fines  shall  be  imposed  for  non-attendance  at 
meetings. 

(d)  Where  a  member  is  represented  by  an 
agent  who  is  also  a  member,  the  Company 
Member  shall  notify  the  Manager  in  writing 
as  to  whether  the  Company  itself  or  its  agent 
shall  answer  to  the  roll  call,  be  subject  to  fine 
for  absence,  and  exercise  the  privilege  of  vot- 
ing. The  vote  of  the  member  so  indicated 
shall  be  binding  upon  the  Company  repre- 
sented for  the  whole  of  the  territory  covered 
by  the  Exchange. 


Quorum 


Section  7. 

One-third  of  the  members  of  the  Exchange 
shall  constitute  a  quorum  for  the  transaction 
of  business. 


.Assessment  fbf 
Expenses 


Executive  Committee 
and  Committee  on 
Rates 

Composed  of 


Section  8. 

Each  member  shall  be  required,  at  such 
times  as  the  Executive  Committee  may  fix 
upon,  to  file  with  the  Treasurer  a  sworn 
statement  of  the  gross  premiums  written  in 
the  territory  of  this  Exchange  by  each  Com- 
pany, separately,  represented  by  such  member 
for  the  time  specified  by  the  Executive  Com- 
mittee, and  the  Executive  Committee  shall 
then  recommend  to  the  Exchange  the  per- 
centage assessment  on  such  gross  premiums 
required  for  the  maintenance  of  the  Exchange; 
and  upon  the  adoption  of  such  assessment 
resolution  by  a  ninety  per  cent,  vote  of  the 
members  present  and  voting  at  a  meeting 
regularly  called,  the  same  shall  be  binding  on 
all  members,  who  shall  forthwith  remit  to 
the  Treasurer  the  amount  due  from  each 
member  or  company. 

Section  9. 

(a)  There  shall  be  an  Executive  Committee 
and  a  Committee  on  Rates,  which  committees 
shall  consist  of  seven  each.  Such  Committees 
shall  be  uniformly  composed  of  three  members 
representing   Local   Companies,   two    repre- 


AGREEMENT 


9 


Shall  be  changed 

Bi-monthly 


sentiug  Agency  Companies  and  two  repre- 
senting Foreign  Companies.  The  committees 
shall  change  bi-monthly,  by  the  retirement 
each  two  months  of  one  member,  whose  place 
shall  be  tilled  by  the  member  next  in  order 
on  an  alphabetical  list  of  membership.  The 
retiring  member  each  two  months  shall  be 
the  one  who  has  served  longest  on  the  Com- 
mittee, and  his  successor  shall  be  chosen  from 
the  class  of  companies,  Local,  Agency  or 
Foreign,  to  which  the  retiring  member 
belongs.  The  Chairman  of  the  Committee 
shall  be  the  member  who  has  served  longest 
upon  it.  The  concurrence  of  four  members  of 
a  Committee  shall  be  necessary  to  a  finding 
in  any  matter  coming  before  them. 

(b)  There  shall  be  a  Brokerage  Committee, 
consisting  of  seven  members,  composed  uni- 
formly of  three  representing  Local  Companies, 
two  representing  Foreign  Companies  and  two 
representing  Agency  Companies,  and  the 
membership  of  the  Committee  shall  change 
bi-monthly  by  the  retirement  each  two 
months  of  one  member,  whose  place  shall  be 
filled  by  the  member  next  in  order  on  an 
alphabetical  list  of  membership.  The  retiring 
member  each  two  months  shall  be  the  one 
who  has  served  longest  on  the  Committee, 
and  his  successor  shall  be  chosen  from  the 
class  of  companies,  Local,  Agency  or  Foreign, 
to  which  the  retiring  member  belongs.  The 
Chairman  shall  be  the  member  who  has  been 
longest  on  the  Committee.  It  shall  be  the 
duty  of  such  Committee  to  issue  a  Broker's 
Certificate  to  an  applicant  duly  qualified  to 
receive  such  Certificate,  and  no  brokerage 
shall  be  paid  to  any  person  not  so  certified. 
The  Brokerage  Committee  shall  secure  in- 
formation in  regard  to  applicants  from  all 
available  sources  and  shall  be  authorized  to 
receive  complaints  against  holders  of  Certifi- 
cates or  applicants  from  any  party  presenting 
such  complaints.  They  shall  before  issuing  a 
Broker's  Certificate  receive  from  the  Broker  a 


Chairman 


Brokerage  Committee 
Composed  of 


Terms  of  Office 


Chairman 

To  Certify  Applicants 
upon  Information 
Obtained 

Shall  secure 
Information 


AGREEMENT 


10 


Broker  to  Sign  an 
Agreement 


Clerks  or  Employees 
of  Assured  not 
Eligible 


Pledge  required 


Certificates  to  be 
Revoked 


Right  of  Appeal 


Failure  to  Renew 
Certificate  in  Season 


signed  agreement  to  abide  by  the  rules  herein 
provided.  The  concurrence  of  five  members 
of  the  Committee  shall  be  necessary  for  a  de- 
cision revoking  any  Broker's  Certificate,  and 
the  concurrence  of  four  members  shall  be 
necessary  to  a  finding  in  all  other  matters 
coming  before  them. 

(c)  No  Certificate  shall  be  issued  to  any 
clerk  or  employee  of  the  assured  (other  than 
a  Certified  Broker),  nor  shall  any  person  be 
certified  as  a  Broker  who  handles  insurance 
for  only  one  person  or  firm  or  individual 
members  of  such  firm.  Certified  Brokers  shall 
pledge  themselves  to  receive  no  higher  rate  of 
brokerage  from  Companies  or  agents  not 
members  of  the  Exchange  than  the  rate  per- 
mitted by  the  rules  of  this  Exchange. 

(d)  The  Brokerage  Committee  shall  revoke 
the  Certificate  of  any  Broker  who  is  proved 
to  have  violated  his  Pledge  or  Agreement  to 
this  Exchange,  after  giving  him  an  opportu- 
nity to  be  heard  in  his  defense.  Such  Broker 
shall  have  the  right  of  appeal  to  the  Arbitra- 
tion or  Grievance  Committee  whose  decision 
shall  be  final,  such  appeal  to  be  made  within 
ten  days  from  the  date  of  mailing  a  registered 
letter  to  the  broker  giving  notice  of  the  action 
of  the  Brokerage  Committee  in  revoking  the 
Certificate.  Any  Broker  whose  Certificate 
has  been  so  revoked  shall  not  be  eligible  to 
receive  a  new  Certificate  except  on  the  recom- 
mendation of  the  Brokerage  Committee  and 
a  vote  of  ninety  per  cent,  of  the  members 
of  the  Exchange  present  and  voting  at  a 
meeting  regularly  called. 

When  a  Broker  fails  to  renew  his  Certificate 
in  season,  thereby  causing  his  name  to  be 
withdrawn  from  the  list,  and  subsequently 
within  six  months  asks  for  a  renewal,  such 
renewal  shall  not  be  granted  unless,  in  addi- 
tion to  the  regular  charge  for  a  Certificate, 
the  sum  of  $3.00  is  paid  to  cover  cost  of 
withdrawing  and  re-instating  such  Broker's 
name.  4-15-02. 


AGREEMENT 


IJ 


Notice  to  all  of 
Changes  in 
Committees 


Arbitration  or 
Grievance 
Committee 

Composed  of 


Terms  of  Office 


Alphabetical 
retirement 


Chairman 


An  Accused  Member 
of  Committee 
shall  not  Serve 


Certificate  to  be 
Mailed  each  Director 
of  a  Local  Company 
In  Violation 


(e)  At  the  time  of  creating  any  committee 
or  filling  any  vacancy,  the  names  of  the  com- 
mitteemen shall  at  once  be  communicated  to 
all  the  members. 

Section  10. 

(a)  There  shall  be  an  Arbitration  or  Griev- 
ance Committee,  consisting  of  seven  members, 
which  shall  be  uniformly  composed  of  three 
members  representing  Local  Companies,  two 
representing  Agency  Companies  and  two  rep- 
resenting Foreign  Companies,  and  the  mem- 
bership of  the  Committee  shall  change 
bi-monthly  by  the  retirement  each  two 
months  of  one  member,  whose  place  shall  be 
filled  by  the  member  next  in  order  on  an 
alphabetical  list  of  membership.  The  retiring- 
member  each  two  months  shall  be  the  one 
who  has  served  the  longest  on  the  Committee, 
and  his  successor  shall  be  chosen  from  the 
class  of  companies,  Local,  Agency  or  Foreign, 
to  which  the  retiring  member  belongs.  The 
Chairman  shall  be  the  member  who  has  been 
longest  on  the  Committee.  The  concurrence 
of  five  members  of  the  Committee  shall  be 
uecessary  for  a  decision  affecting  or  interpre- 
ting the  Agreement  or  any  rule  adopted  by 
the  Exchange,  and  the  concurrence  of  four 
members  shall  be  necessary  to  a  finding  in  all 
other  matters  coming  before  them. 

(b)  In  case  of  a  charge  being  brought 
against  any  member  or  employee  of  any  mem- 
ber, if  the  accused  member  or  accuser  shall 
happen  at  the  time  of  such  charge  to  be  a 
member  of  the  Committee,  such  accused  mem- 
ber or  accuser  shall  not  serve  on  the  Com- 
mittee while  his  own  case  is  being  adjudicated, 
but  if  the  accused  member  shall  be  found 
guilty  of  a  wilful  violation  of  any  rule  or 
rate  he  shall  retire  from  the  Committee  until 
he  has  been  again  elected  to  serve  thereon. 

(c)  If  any  local  company,  member  of  the 
Exchange,  shall  be  charged  with  a  wilful 
violation  of  any  rule  or  rate,  and  after  in- 


AGREEMENT 


12 


vestigation  such  charges  shall  be  sustained 
by  a  vote  of  not  less  than  five  of  the  seven 
members  of  the  Arbitration  or  Grievance 
Committee  and  confirmed  by  a  ninety  per 
cent,  vote  of  those  present  and  voting  at  any 
meeting  of  the  Exchange  regularly  called,  a 
certificate  setting  forth  such  finding  shall  be 
forthwith  mailed  to  each  Director  of  such 
company. 

(d)  If  any  agent  or  manager  of  a  company 
having  its  home  office  outside  of  the  City  of 
New  York  shall  be  charged  with  a  wilful 
violation  of  any  rule  or  rate,  and  after  inves- 
tigation such  charge  shall  be  sustained  by  a 
vote  of  not  less  than  five  of  the  seven  mem- 
bers of  the  Arbitration  or  Grievance  Com- 
mittee and  confirmed  by  a  ninety  per  cent, 
vote  of  those  present  and  voting  at  any 
meeting  of  the  Exchange  regularly  called,  a 
certificate  setting  forth  such  findings  shall 
be  forthwith  mailed  to  the  President  or  the 
General  Manager  of  the  Company  at  its  home 
ofiice. 


Certificate  to  be 
Mailed  to  President 
or  General  Manager 
of  an  Outside  Com- 
pany in  Violation 


Power  to  Examine 
Books  and  under 
Oath 


Shall  employ 
Accountant  or 
Auditor 

Refusal  to  reply  an 
Admission  of  Truth 


Finei 


Section  11. 

(a)  The  Arbitration  or  Grievance  Commit- 
tee shall  have  power  to  examine  the  books 
of  any  office,  Agency  or  Branch  Office  alleged 
to  have  deviated;  and  also  to  examine  under 
oath  the  person  complained  of.  The  Com- 
mittee shall,  when  necessary  or  desirable, 
employ  a  professional  accountant  or  auditor, 
who  shall  have  power  to  examine  the  books 
of  any  office,  Agency  or  Branch  office  alleged 
to  have  deviated,  when  directed  so  to  do  by 
the  Committee.  The  refusal  of  any  member 
to  testify  to  any  question  pertinent  to  the 
complaint,  or  his  refusal  to  submit  to  the 
examination  ordered  by  the  Arbitration  or 
Grievance  Committee  shall  be  deemed  an 
admission  of  the  truth  of  the  charge  under 
investigation. 

(b)  The  Arbitration  or  Grievance  Committee 
may  impose  penalty  or  fines  not  exceeding 


AGREEMENT 


13 


No  Brokerage  or 
Commission  to  be 
Allowed  under 
Certain  Conditions 


$100  for  any  one  violation  of  rule  or  rate, 
and/or  require  that  the  member  found  in 
violation  shall  cancel  his  policy  or  policies, 
and/ or  that  the  member  shall  remain  off  the 
risk  for  the  term  of  one  year  thereafter,  in 
which  case  the  member  shall  not  be  permitted 
to  participate  in  therisk  for  such  period  either 
directly  or  by  way  of  re-insurance. 

When  the  Arbitration  or  Grievance  Com- 
mittee has  ordered  a  policy  or  policies  to  be 
cancelled  in  consequence  of  having  adjudged 
a  member  of  the  Exchange,  or  an  Agent  who 
is  not  a  member  but  holds  a  Broker's  Certifi- 
cate, guilty  of  an  infraction  of  the  rules  of  the 
Exchange,  then  such  member  or  Agent  shall 
not  be  allowed  to  receive  any  commission  or 
brokerage  for  the  placing  of  such  risk  during 
the  term  for  which  the  member  is  himself  ordered 
to  keep  off  of  such  risk,  and  in  addition,  if  the 
gravity  of  the  offense  warrant  it,  the  facts 
connected  with  the  case  shall  be  at  once  com- 
municated to  the  Brokerage  Committee,  that 
they  may  revoke  the  right  of  such  member  or 
Agent  to  receive  any  commission  or  brokerage 
on  any  business  for  such  time  as  they  may 
deem  fit.  12-11-01. 

When  in  consequence  of  deviation  or  viola- 
tion any  Member  has  been,  directed  by  the 
Arbitration  Committee  or  by  the  Exchange 
to  cancel  a  policy  written  through  a  Branch 
Manager  or  Agency  representing  such  Mem- 
ber and  to  remain  off  the  risk  for  one  year,  the 
risk  in  question  shall  not  be  written  by  or 
through  any  other  Member  represented  by  such 
Branch  Manager  or  Agent  during  the  stated 
term  of  one  year.  A.  C.  1-21-03. 

(c)  Appeal  from  the  decision  of  the  Com- 
mittee may  be  made  at  any  meeting  regularly 
called  notice  of  such  appeal  having  been 
previously  given  to  each  member  of  the 
Exchange,  and  the  finding  shall  be  confirmed 
unless  a  majority  of  those  present  shall  vote 
otherwise. 

(d)  In  case  any  member  shall  report  the 


Appeals 


AGREEMENT 


14 


Charges  against  a 
Fellow  Member 


How  made 


Source  not  to  be 
Indicated 


May  authorize  Substi- 
tution of  Policies 


dereliction  of  any  other  member  coming  to 
his  knowledge,  it  shall  be  optional  with  him 
to  make  a  charge  in  writing,  over  his  own 
signature,  to  the  Arbitration  or  Grievance 
Committee  ;  or  he  may,  in  preferring  charges, 
first  submit  the  actual  or  supposed  facts  to 
two  or  more  members  who  shall,  if  they  are 
thought  by  them  to  be  sufficiently  reasonable 
and  clearly  warranted,  unite  with  him  in 
making  the  charges,  which  must  be  in  writ- 
ing ;  the  members  so  uniting  in  the  charges 
may  report  to  any  one  member  of  the  Griev- 
ance Committee,  who  shall  not  in  any  way, 
directly  or  indirectly,  indicate  the  names  or 
identity  of  such  members.  Said  Grievance 
Committee  shall  thereupon  investigate  the 
charges. 

The  Arbitration  or  Grievance  Committee 
are  empowered  in  cases  where  in  their  dis- 
cretion it  is  necessary  to  obtain  such  evidence 
from  the  assured  as  will  secure  the  conviction 
of  a  member  or  broker  violating  the  rules  or 
rates  of  the  Exchange  to  authorize  the  substi- 
tution of  the  policy  of  any  other  member  for 
that  of  the  company  under  which  a  deviation 
has  been  made  on  the  same  or  better  terms, 
provided  there  shall  be  produced  and  deliv- 
ered to  said  Committee  the  proof  satisfactory 
to  them  of  such  violation  of  the  rules  or 
rates.  6-29-99. 


Area  of  Operation 


Territory  Excluded 


Section  12. 

The  rules  and  rates  of  this  Exchange  shall 
apply  on  all  risks  located  in  the  Borough  of 
Manhattan  and  in  the  Borough  of  Bronx, 
west  of  the  Bronx  River,  and  in  the  Borough 
of  Brooklyn,  and  in  Long  Island  City,  and 
on  the  American  Dock  stores  and  piers  in  the 
Borough  of  Richmond,  all  in  the  City  of  New 
York ;  and  in  Hudson  County,  New  Jersey, 
east  of  the  Hackensack  River.  The  Boroughs 
of  Queens,  and  Bronx,  and  Richmond,  out- 
side the  territory  above  named,  being  now  in 
the  territory  of  the  Suburban   Association, 


AGREEMENT 


15 


Territory  Excluded 
(concluded) 


Outside  Agents  may 
not  write  in 
Exchange  Territory 


Rates 


Unrated  Risks 


Short  Term  Risks 


Annual  Risks 


Term  Risks 


Must  be  Rated 


Ratings  to  be  recom- 
mended and  changes 
thereof 


are  excluded  until  such  time  as  this  Exchange 
by  a  ninety  per  cent,  vote  of  those  present 
and  voting-  at  a  meeting  regularly  called 
shall  decide  otherwise. 

The  writing  of  a  policy  on  any  risk  located 
within  the  territory  under  the  jurisdiction  of 
this  Exchange  by  any  Agent  outside  of 
said  territory  is  prohibited,  and  the  member 
employing  such  Agent  will  be  held  respons- 
ible for  any  violation.  A.  C.   8-1-00. 

Section  13. 

(a)  At  the  first  meeting  of  the  Exchange, 
rates  shall  be  adopted  to  apply  on  all  risks 
in  the  territory  specified ;  and  such  rates,  and 
the  commission  rules  as  provided  in  the 
Agreement,  shall  apply  immediately. 

(b)  No  unrated  risk  shall  be  written  except 
subject  to  a  rate  to  be  made  by  the  Exchange; 
and  such  rate  shall  apply  from  the  assump- 
tion of  the  insurance. 

(c)  Rated  risks,  when  taken  for  periods  of 
less  than  a  year,  shall  be  taken  only  at  the 
rates  named  in  Short  Rate  Tables  of  this 
Exchange. 

(d)  No  policy  shall  be  written  for  more 
that  one  year  on  stocks  of  merchandise,  or 
upon  machinery,  stock  or  supplies  in  manu- 
facturing risks  except  at  full  pro  rata,  rates. 
No  policy  shall  be  written  upon  other  prop- 
erty for  more  than  one  year,  except  with  the 
addition  of  three-fourths  of  the  annual  pre- 
mium for  each  year  after  the  first.  For  frac- 
tional parts  of  a  year  in  excess  of  one  year, 
a  pro  rata  of  such  three-fourths  annual  rate 
shall  be  added.  No  policy  shall  be  written 
for  a  longer  term  than  one  year,  until  the 
risk  has  been  rated. 

(e)  The  Committee  on  Rates  shall  recom- 
mend ratings  to  the  Exchange,  when,  if 
the  same  are  adopted  by  a  vote  of  ninety  per 
cent,  of  the  members  present  and  voting  at  a 
meeting  regularly  called,  they  shall  become 
operative  ;  and  to  change  a  rate  once  estab- 


AGREEMENT 


in 


lished,  a  vote  of  ninety  per  cent,  of  the 
members  present  and  voting  at  a  meeting 
regularly  called  shall  be  required. 

(f)  Rates  of  premium  shall  be  adjusted  up- 
on a  discriminating  basis  which  recognizes 
merits  and  faults  of  construction,  fire  extin- 
guishing appliances  and  percentage  of  insur- 
ance to  value. 

Rate  cabinets  and  cards  are  the  property  of 
this  Exchange,  being  loaned  to  members  only 
for  their  information  while  members,  and 
such  cabinets  and  cards  must  be  surrendered 
to  the  Exchange  in  case  a  member  retires 
from  business  or  withdraws  from  the  Ex- 
change. 4-9-02. 


Adjusted  upon  a 
Discriminating  Basis 


Rate  Cabinets  are 
Property  of  Exchange 


Forms  for  Policies 
and  Binder 


Cancellations  and 
Rebates 


Transfers 


Section  14. 

The  Exchange  shall  as  rapidly  as  possible, 
prepare  proper  forms  for  policies,  the  use  of 
which  shall  be  obligatory.  A  form  of  binder 
with  a  fifteen  day  limit  clause  shall  also  be 
prepared  and  its  use  required. 

Section  15. 

No  policy,  renewal  or  certificate  of  insurance 
shall  be  cancelled,  pro  rata,  at  request  of  the 
assured,  except  in  cases  where  the  insurance 
is  immediately  re- written,  or  placed  with  the 
same  company  or  member,  the  re-written 
policy  covering  in  the  same  location.  In  case 
of  reduction  of  rate  without  change  of  hazard, 
no  policy  shall  be  cancelled  pro  rata  and  re- 
written at  the  lower  rate,  and  no  rebate  shall 
be  made  on  such  policy. 

A  clause  reading  "It  is  understood  and 
agreed  that  in  event  of  reduction  of  the  tariff 
rate  during  the  term  of  this  policy  return 
premium  will  be  rendered  accordingly,  pro 
rata,"  or  any  clause  involving  an  agreement 
to  the  same  effect,  is  a  violation.      12-17-00. 

Section  16. 

No  policy  or  Certificate  of  insurance  covering 
in  any  elevator  or  storage  warehouse,  private 


AGREEMENT 


17 


Transfers  (concluded) 


Assignments 


or  public,  shall  be  transferred  to  any  other 
elevator  or  storage  warehouse  ;  provided, 
however,  that  where  any  listed  storage  store 
shall  be  torn  down  or  changed  to  another 
occupancy  by  the  owner  thereof,  the  Arbi- 
tration or  Grievance  Committee  shall,  after 
consideration  of  the  facts  of  the  case,  have 
power  to  promulgate,  for  the  benefit  of  all 
members,  permission  to  transfer  insurance 
on  merchandise  belonging  to  other  persons 
than  the  warehouse  owner  or  lessee  in  such 
listed  storage  store  to  any  other  listed  stor- 
age store. 

The  Arbitration  Committee  will  not  consider 
an  application  for  permission  to  transfer  insur- 
ance from  a  listed  storage  store  unless  such 
application  is  accompanied  by  an  affidavit  from 
the  storekeeper  setting  forth  the  facts  as  to 
change  of  occupancy  or  demolition  of  such 
listed  storage  store,  and  also  stating  the 
time  within  which  all  goods  will  be  removed 
and  the  use  of  the  premises  for  their  present 
purposes  be  discontinued.  4-27-01. 

The  provisions  of  Section  16  of  Agreement 
do  not  apply  to  the  transfer  of  Personal 
Household  Furniture  from  a  storage  ware- 
house to  a  dwelling.  A.  C.  6-1-00. 

A  policy  written  to  cover  in  a  warehouse, 
whether  private  or  public,  may  not  be  can- 
celled pro  rata  at  request  of  the  assured  and  re- 
written at  short  rates  on  the  same  merchan- 
dise but  under  a  different  name.    R.C.  11-6-01. 

A  policy  cancelled  and  immediately  re-writ- 
ten by  the  same  company  to  cover  in  the  same 
location  but  for  a  different  assured  may  be  can- 
celled pro  rata,  provided  that  such  policy  does 
not  cover  in  a  private  or  public  storage 
warehouse.  A.  C.  1-17-02. 

A  policy  covering  Household  Furniture 
may  be  transferred  to  cover  in  a  storage 
warehouse  at  the  pro  rata  charge  of  the  dif- 
ference in  rate  for  the  time  that  the  policy 
covers  in  the  warehouse.  A.  C.  4-15-02. 

(b)  No   policy   or  certificate  of   insurance 


AGREEMENT 


18 


Assignments 
(concluded) 


Brokerage 


Broker's  business  not 
to  be  purchased 


Exchange  business 


No  Brokerage  to  Clerk 
of  Assured 


covering  in  any  elevator  or  storage  ware- 
house, private  or  public,  shall  be  assigned, 
except  to  cover  the  merchandise  described  in 
the  policy  and  in  the  same  location. 

Section  17. 

(a)  No  brokerage  or  commission  shall  be 
paid  or  allowed  on  policies  of  insurance  or 
re-insurance  in  excess  of  ten  per  cent.,  except 
on  such  risks  as  are  permitted  by  Section  18 
to  be  written  at  branch  offices,  on  which 
a  brokerage  or  commission  not  exceeding 
twenty  per  cent,  may  be  paid  ;  provided, 
however,  that  the  above  brokerages  or  com- 
missions may  be  increased  five  per  cent,  if  the 
party  receiving  the  Broker's  Certificate  shall 
agree  that  he  will  give  the  preference  in  plac- 
ing his  business  with  members  of  this  Ex- 
change, and  that  he  will  not  place  any  risks 
with  those  not  members,  unless  sufficient 
insurance  cannot  be  obtained  from  members. 

Ruled  as  to  above  Section  that  the  words 
"such  risks  as  are  permitted  by  Section  18  to 
be  written  at  Branch  Offices,"  include  all 
churches  and  schoolhouses  and  their  con- 
tents, dwellings  and  their  contents,  private 
stables  and  their  contents,  and  buildings  oc- 
cupied on  grade  floor  as  stores  and  above 
the  grade  floor  exclusively  as  dwellings  and 
so  warranted  in  the  policies  and  their  con- 
tents, located  within  the  territory  covered  by 
the  Exchange.  A.  C.  4-28-99. 

(b)  No  member  shall  purchase  the  business 
of  any  broker  on  other  terms  than  the  rate 
of  brokerage  or  commission  fixed  by  the  Ex- 
change. 

(c)  Members  of  the  Exchange  shall  be  al- 
lowed to  receive  the  regular  brokerage  or 
commission,  as  provided  in  paragraph  (a)  of 
this  section,  on  exchange  business. 

(d)  No  brokerage  shall  be  paid  to  any  clerk 
of  the  assured,  nor  to  any  employee  (other 
than  a  Certified  Broker),  nor  shall  any  per- 
son be  certified  as  a  Broker  who  handles  in- 


AGREEMENT 


19 


Rebates  not  allowed 


surance  for  only  one  person  or  firm,   or  indi- 
vidual members  of  such  firm. 

(e)  No  rebate  shall  be  allowed  either  by 
members  of  the  Exchange,  or  by  Brokers, 
directly  or  indirectly  ;  nor  shall  brokerage  or 
commission  be  paid  to,  or  divided  with,  any 
uncertified  broker  or  other  person. 

The  allowance  by  a  member  of  commission 
or  brokerage  to  any  clerk  or  employee  of  such 
member  who  does  not  hold  a  Broker's  Certifi- 
cate will  be  regarded  as  a  violation  of  this 
paragraph.  A.  C.  10-12-  00. 

Certified  Brokers  must  not  allow  commission 
or  brokerage  on  lines  placed  by  them  in  this 
city  but  covering  risks  located  outside  of  the  ju- 
risdiction of  the  Exchange  to  a  Broker  not 
holding  a  Certificate  from  this  Exchange,  wheth- 
er such  Broker  resides  within  or  outside  of  the 
jurisdiction  of  the  Exchange.     A.  C.  2-10-02. 

(f)  The  rules  of  this  Exchange,  as  to  broker- 
age and  commission,  apply  to  all  risks  where- 
soever located,  whether  afloat  or  ashore,  and 
whether  rated  or  not  rated,  when  written  in 
the  territory  covered  by  this  Exchange. 


Rules  apply  to  all 
risks 


Section  18. 

Agency  (a)  Where  the  word  *:Agency"  is  used,  it  is 

understood  to  be  equal  to  a  Head  Office  in 
rank  in  the  Exchange,  although  not  entitled 
to  membership  ;  for  instance,  the  Agents  in 
Brooklyn,  Jersey  City,  Hoboken,  Long  Island 

Branch  Office*  City,  etc.      Where  the  words  "Branch  Office" 

are  used,  they  shall  be  understood  as  referring 
to  a  sub-office,  restricted  as  below,  and  not 
entitled  to  Independent  control.  All  such 
Offices  shall  report  to  Head  Offices  in  New 
York  or  Brooklyn  respectively,  and  are  con- 
fined to  the  Boroughs  of  Manhattan  and  the 
Bronx,  and  the  Borough  of  Brooklyn. 

An  Agent  representing  Exchange  companies 
may  not  act  as  Agent  for  non-Exchange  compan- 
ies or  for  any  outside  organization  transact- 
ing a  fire  insurance  business.      A.  C.  3-19-02. 
(b)  No  member  shall  have  any  Agency  of 


AGREEMENT 


20 


No  Agencies  in  Man- 
hattan  and  Bronx 


Exceptions 


No  Branch  Offices — 
where 


Branch  Offices  » 
territory  allowed 


Must  write  above  line 
named 


Classes  of  risks 
allowed 


Agencies  in  the  Boroughs  of  Manhattan  and 
the  Bronx,  nor  shall  any  company  have  such 
Agency  or  Agencies  other  than  the  Agency 
of  the  member  of  this  Exchange. 

(c)  This  rule,  however,  shall  not  apply  to 
the  present  existing  offices  of  the  Germania 
and  Peter  Cooper  Insurance  Companies,  nor 
to  the  present  office  of  the  New  York  Under- 
writers' Agency  located  within  the  district 
described  in  paragraph  (d). 

(d)  There  shall  be  no  Branch  Offices  in  the 
following  districts  in  the  Borough  of  Manhat- 
tan, viz  :  south  of  a  line  drawn,  commencing 
at  West  Houston  Street,  including  both  sides 
of  said  street,  and  North  River,  running  east- 
erly along  West  Houston  Street  to  Elizabeth 
Street,  thence  southerly  along  Elizabeth 
Street  to  Grand  Street,  thence  easterly  along 
Grand  Street  to  East  River. 

(e)  Any  member  of  the  Exchange  may  have 
not  exceeding  two  Branch  Offices  in  the  terri- 
tory between  the  line  above  mentioned  and 
42d  Street  (on  either  side  of  said  street)  and 
not  exceeding  four  north  of  42d  Street  in  the 
Boroughs  of  Manhattan  and  the  Bronx. 

A  Branch  Office  located  on  Forty-Second 
Street  must  be  considered,  according  to  para- 
graph (e),  section  18  of  Agreement,  as  being 
for  the  territory  south  of  Forty -Second 
Street.  A.  C.  9-14-01. 

It  is  permissible  for  a  Branch  Manager 
to  have  an  office  located  below  42d  Street 
and  one  located  above  42d  Street,  provided 
such  offices  do  not  represent  more  than  the 
proper  quota  of  offices  allowed  by  the  rules  to 
the  Member  represented  by  said  Branch 
Manager.  A.  C.  4-7-02. 

(f)  The  Managers  of  such  Branch  Offices 
shall  write  no  risks  except  in  the  Boroughs 
of  Manhattan  and  the  Bronx  above  the  line 
mentioned  in  paragraph  (c),  nor  shall  such 
Branch  Offices  write  on  any  risk  other  than 
churches  and  schoolhouses  and  their  contents, 
dwellings  and  their  contents,  private  stables 


AGREEMENT 


21 


Classes  of  risks 
allowed 
(concluded) 


Dealings  must  be  con- 
fined to  members 
represented  by  him 


and  their  contents,  and  buildings  occupied 
on  grade  floor  as  stores,  and  above  the  grade 
floor  exclusively  as  dwellings  and  so  war- 
ranted in  the  policies,  and  their  contents. 

The  term  "  schoolhouses "  in  above  para- 
graph shall  be  held  to  cover  all  educational 
institutions  occupying  buildings  solely  for  their 
own  use.  9-11-01. 

The  words  "shall  write  no  risks  except  in 
the  Boroughs  of  Manhattan  and  the  Bronx 
above  the  line  mentioned  in  paragraph  (c)", 
prohibit  the  issuance  from  the  office  of  any 
Branch  Manager  of  any  policy  which  might 
have  been  previously  executed  in  blank  at 
the  Head  Office,  and  a  strict  compliance  with 
the  letter  and  spirit  of  this  rule  requires  that 
no  such  policies  shall  be  executed  at  the  Head 
Office  except  in  their  entirety.  This  ruling 
will  apply  to  risks  located  south  of  the  line 
provided  in  the  Agreement  and  also  to  classes 
of  hazards  which  the  Branch  Office  is  pro- 
hibited from  writing.  A.  C.  10-24-99. 

Convents  may  be  classed  as  school  or  church 
property  and  subject  to  the  commission  al- 
lowed thereon.  6-30-99. 

Branch  Managers  located  in  the  Borough 
of  the  Bronx  are  restricted  to  the  writing 
of  risks  located  within  so  much  of  that  terri- 
tory as  is  under  the  jurisdiction  of  this  Ex- 
change ;  that  is  to  say,  West  of  the  Bronx 
River.  A.  C.  9-7-01. 

Branch  Managers  are  allowed  to  write  Build- 
ings in  Course  of  Construction  provided  poli- 
cies are  in  the  following  form  : 

"On building  while  in 

Course  of  Construction  or  while  occupied  for 

(here  insert  intended 

occupancy  which  must  be  that  of  a  risk 
which  a  Branch  Manager  may  write)." 

(ff )  No  Branch  Manager  in  Manhattan  or 
the  Bronx,  nor  any  employee  of  such  Branch 
Manager,  shall  have  any  dealings  whatever 
with  any  member  or  members  other  than 
those  represented  by  him ;  nor  shall  any  such 


AGREEMENT 


22 


Dealings  must  be  con* 
fined  to  members 
represented  by  him 
(concluded) 


Compensation 


Agencies 


Brooklyn  Districts 
defined 


Compensation  of 
Agents 

Branch  Offices  in 
Brooklyn 


Branch  Manager  have  any  such  dealings 
with  any  other  Branch  Manager  or  exchange 
business  with  him  on  any  terms  whatever. 
Neither  shall  any  member  have  any  dealing: 
with  a  Branch  Manager  (or  any  of  his  em- 
ployees) in  Manhattan  or  the  Bronx  of  any 
other  Member  or  accept  business  from  him  (or 
any  of  his  employees)  with  or  without  bro- 
kerage. Such  Branch  Managers  shall  not  pay 
any  brokerage  or  commission  on  any  busi- 
ness except  on  the  classes  of  hazards  which 
they,  under  the  Agreement,  are  allowed  to 
write. 

(g)  Such  Managers  of  Branch  Offices  shall 
be  compensated  by  salary  only,  and  all  ex- 
penses, including  brokerage,  shall  be  paid  by 
the  principal  employing  them. 

The  compensation  of  a  Branch  Manager  in 
part  by  allowing  him  a  contingent  upon  the 
profits  of  his  office  is  a  violation.    A.  C.  3-10-02. 

(h)  Each  member  of  the  Exchange  may 
have  one  Head  Office  or  Agency  in  the  West- 
ern District  and  one  in  the  Eastern  District 
of  the  Borough  of  Brooklyn,  also  one  in  Long 
Island  City,  all  of  whose  writings  shall  be 
entirely  confined  to  risks  upon  Long  Island. 

The  Eastern  District  of  Brooklyn  is  defined 
as  follows  : — All  that  portion  of  the  Borough 
of  Brooklyn  lying  North  of  Flushing  Avenue 
from  Washington  Avenue  to  Broadway  and 
up  Broadway  to  East  New  York,  includ- 
ing both  sides  of  the  avenues  named.  The 
Western  District  is  all  that  portion  of  the 
Borough  of  Brooklyn  (or  Kings  County), 
not  described  as  comprised  in  the  Eastern 
District.  5-4-99. 

Agents  should  have  their  offices  located 
in  the  Districts  for  which  they  are  ap- 
pointed. A.  C.  1-11-00. 

(i)  Such  Managers  of  Head  Offices  or 
Agencies  may  be  compensated  in  such  man- 
ner as  their  principals  may  desire. 

(j)  Any  member  of  the  Exchange  or  Head 
Office  may  have  not  exceeding  two  Branch 


AGREEMENT 


23 


Compensation 


Must  write  in  their 
own  districts 


Offices  in  the  territory  known  as  the  Western, 
and  one  in  the  Eastern  District  of  the  Bor- 
ough of  Brooklyn. 

(k)  Such  Managers  of  Branch  Offices  shall 
be  compensated  by  salary  only,  and  all  ex- 
penses, including  brokerage,  shall  be  paid  by 
the  principal  employing  them. 

(1)  The  Managers  of  such  Branch  Offices 
shall  write  no  risks  except  in  their  respective 
districts,  nor  shall  such  Branch  Offices  write 
on  any  risk  other  than  churches  and  school- 
houses  and  their  contents,  dwellings  and  their 
contents,  private  stables  and  their  contents, 
and  buildings  occupied  on  grade  floor  as 
stores,  and  above  the  grade  floor  exclusively 
as  dwellings  and  so  warranted  in  the  policies, 
and  their  contents. 

Convents  may  be  classed  as  school  or  church 
property  and  subject  to  the  commission 
allowed  thereon.  6-30-99. 

(m)  Each  member  may  have  two  Head 
Offices  or  Agencies  in  Jersey  City,  one  in 
Hoboken,  one  in  Bayonne,  and  one  in  the 
remaining  portion  of  Hudson  County  east  of 
the  Hackensack  River.  Such  Agents  shall 
not  be  allowed  to  write  risks  located  in  the 
City  of  New  York.  They  may  be  compensated 
in  such  manner  as  their  principals  may 
desire. 

For  the  purpose  of  complying  with  the 
Resident  Agents  law  of  New  Jersey,  the  ap- 
pointment of  a  resident  of  that  state,  but 
employed  in  a  clerical  capacity  in  New  York, 
whose  powers  are  restricted  to  the  counter- 
signing of  policies  covering  property  in  New 
Jersey  which  may  be  issued  at  the  main  office 
of  a  member,  such  Agent  not  being  a  Certified 
Broker,  and  to  whom  no  commission  is 
allowed,  is  not  in  violation  of  the  rules  of  the 
Exchange,  and  such  appointee  shall  not  be 
regarded  as  one  of  the  agencies  authorized  in 
Jersey  City,  Hoboken  and  the  adjacent  terri- 
tory under  Section  18,  Clause  (m)  of  the 
Agreement.  A.  C.  4-28-99. 


Jersey  City,  Hoboken, 
and  Hudson  County 
Agents  not  allowed 
to  write  in  New 
York 


New  Jersey  Resident 
Agents 


AGREEMENT 


24 


Agents  and  Branch 
Offices  amenable 
to  rules  and  rates 


No  brokerage 


Salary  paid  Branch 
Managers 

Must  do  business  at 
assigned  location 
solely 


Penalty  for  violation 


Not  to  be  employed 
by  any  other 
member 


Names  and  addresses 
to  be  filed 


(n)  Head  Offices  or  Agencies  and  Branch 
Offices  and  companies  represented  by  them 
shall  be  held  amenable  to  the  rules  and  rates 
of  this  Exchange  ;  and  the  member  or  com- 
pany represented  by  a  member  having  such 
Agency  or  Branch  Office  shall  be  responsible 
for  its  proper  conduct.  No  manager  of  a 
Branch  Office  shall  receive  any  brokerage  or 
transact  business  as  a  broker. 

The  employment  by  a  member,  or  by  an 
Agent,  Branch  Manager,  or  other  representa- 
tive of  a  member,  of  an  Agent,  Branch  Man- 
ager, or  employee  of  a  non-Exchange  company 
will  be  regarded  as  a  violation  and  so  dealt 
with.  A.  C.  10-12-00. 

(o)  The  amount  of  salary  paid  to  any 
Branch  Manager  shall  be  a  proper  subject  of 
inquiry  under  the  terms  of  this  Agreement. 

(p)  Branch  Managers  will  be  in  violation 
of  the  rules  unless  they  are  in  charge  of  bona 
Me  insurance  offices  located  in  the  district 
assigned  them,  and  unless  they  transact  their 
insurance  business  at  their  assigned  location 
solely. 

(q)  Any  Branch  Manager  having  been  prov- 
en to  have  wilfully  broken  a  rate,  or  to  have 
paid  a  brokerage  in  excess  of  that  permitted 
by  the  rules  of  this  Exchange  shall,  upon 
being  found  guilty  to  the  satisfaction  of  the 
Arbitration  or  Grievance  Committee,  have 
his  appointment  immediately  revoked,  and 
no  member  shall  again  employ  him  in  the 
capacity  of  Branch  Manager.  The  findings 
of  said  Committee  shall,  however,  be  open 
to  appeal  to  the  Exchange  as  provided  in 
this  Agreement. 

(r)  The  name  and  address  of  every  Agent 
and  Branch  Manager  shall  be  promptly  filed 
with  the  Manager  of  this  Exchange,  who 
shall  keep  a  list  of  the  same  in  a  book  to  be 
prepared  for  that  purpose,  which  list  shall 
be  open  to  the  inspection  of  the  members  of 
the  Exchange  at  all  convenient  times. 

Failure  to  give  notice  to  the  Manager  of  the 


AGREEMENT 


25 


Within  seven  days 


If  appointments 
objected  to 


Must  be  revoked 

Appeals 

Duplicate  of  sec.  16(f) 


Appointment  of  an  Agent  or  Branch  Man- 
ager within  seven  days  after  such  appointment 
is  made  will  be  regarded  as  a  violation  of 
Section  18  (r).  A.  C.  11-19-01. 

(s)  If  any  member  shall  object  to  any  such 
appointment,  the  question  shall  be  referred  to 
the  Arbitration  or  Grievance  Committee ;  and 
if  said  Committee  shall  decide  that  such  ap- 
pointment has  been  made  in  violation  of  the 
letter  or  spirit  of  this  Agreement,  it  shall 
be  immediately  revoked  upon  their  request. 
An  appeal  to  a  general  meeting  against  any 
decision  rendered  may  be  taken  in  accordance 
with  the  provisions  of  this  Agreement.  The 
rules  of  this  Exchange,  as  to  brokerage 
and  commission,  apply  to  all  risks  whereso- 
ever located,  whether  afloat  or  ashore,  and 
whether  rated  or  not  rated,  when  written  in 
the  territory  covered  by  this  Exchange. 


No  other  kinds  of  risk 
to  be  included  in 
fire  policies 


Payment  of  Premiums 


Notice  of  Cancellation 


Section  19. 

No  member  shall  include  in  a  fire  policy,  or 
by  endorsement  thereon,  any  risk  other 
than  that  of  fire  and  lightning,  and  any  com- 
pany granting  marine  or  tornado  insurance, 
or  giving  any  privileges,  or  doing  anything 
that  results  in  lowering  the  regular  rates,  is 
in  violation  of  the  rules  and  rates  of  this 
Exchange. 

Section  20. 

(a)  All  premiums  shall  be  due  upon  the  deliv- 
ery of  the  policy,  and  if  not  paid  by  the  tenth 
day  of  the  second  month  following  the  month 
in  which  the  insurance  takes  effect,  notice  of 
the  cancellation  as  required  by  the  Standard 
Policy  shall  be  sent  to  the  assured  direct 
(and,  if  the  policy  be  held  as  collateral,  to 
the  party,  also,  to  whom  it  is  payable)  not 
later  than  the  twelfth  of  the  said  second 
month,  or  if  the  twelfth  falls  on  Sunday  or  a 
holiday,  then  on  the  next  working  day  ;  and 
if  the  premiums  be  not  paid  within  five  days 
following  the  service  of  such  notice,  the  poli- 


AGREEMENT 


26 


Notice  of  Cancellation 
(concluded) 


Form  of  Premium 
Certificate 


Manager  shall  report 
names 


cies  shall  be  cancelled,  and  notice  that  they 
have  been  cancelled  shall  be  sent  to  the  as- 
sured direct,  not  later  than  the  20th  of  the 
month.  On  the  20th  of  each  month  (or,  if  the 
20th  shall  fall  upon  a  legal  holiday,  on  the 
next  working  day)  each  member  of  the  Ex- 
change, and  also  each  Agent  and  Branch 
Office  Manager  within  the  jurisdiction  of  the 
Exchange,  shall  make  a  statement  as  per 
following  form,  and  deliver  same  to  the  Man- 
ager of  the  Exchange  : 

"The  undersigned,  member  of  the  New  York 
Fire  Insurance  Exchange,  or  Agent  or  Branch 

Office  Manager  of  the Insurance 

Company,  hereby  certifies  that  all  the  pre- 
miums on  all  the  policies  issued  by  the  said 
member,  Agent  or  Branch    Office   Manager, 

and  taking  effect  in  the  month  of 

were  paid  on  the  20th  inst.,  or,  if  any  were  un- 
paid at  that  date,  all  such  policies  have  been 
cancelled  for  non-payment  and  notices  of 
such  cancellations  have  been  sent  to  the 
assured  and  to  the  payee,  if  any." 


Date. 


Signature. 


The  Manager  of  the  Exchange  shall  report 
to  the  Arbitration  or  Grievance  Committee 
the  names  of  all  members,  Agents  or  Branch 
Offices,  if  any,  who  fail  to  promptly  file  the 
statement  above  required. 

When  a  member  has  been  obliged  to  cancel 
a  policy  for  non-payment  of  premium  he  may 
furnish  a  statement  to  that  effect  to  the  Man- 
ager covering  the  name  of  the  Company, 
name  and  location  of  risk,  amount,  date  of 
commencement  of  insurance,  and  the  name 
of  the  broker,  and  upon  receipt  of  such  inform- 
ation the  Manager  shall  include  it  in  a  month- 
ly circular  list  to  be  published  and  furnished 
to  all  members,  but  the  name  of  the  member 
furnishing  the  statement  shall  be  omitted 
from  such  publication.  10-8-02. 


AGREEMENT  27 


Payment  of  Premiums  Any  omission  to  send  out  cancellation  no- 
(  concluded)  tices  based  upon  an  agreement  that  the  Bro- 

ker guarantees  payment  of  the  premiums  before 
the20th  of  the  month  will  be  regarded  asa  viola- 
tion and  dealt  with  accordingly.  A.C.  11-8-99. 

The  fact  that  a  broker  has  a  credit  in  the 
hands  of  an  office  issuing  a  policy,  does  not 
permit  cancellation  notice  to  the  assured  to  be 
withheld  if  premium  on  such  policy  is  not  paid 
when  due  under  the  rules.  A.  C.  2-18-01. 

The  allowance  of  a  discount  for  cash  pay- 
ment of  premiums  will  be  regarded  as  a 
rebate  and  violation  and  dealt  with  accord- 
ingly. B.  C.  12-17-00. 

The  provisions  of  Section  20  relating  to  the 
Collection  of  Premiums  apply  only  on  policies 
covering  risks  located  within  the  jurisdiction  of 
this  Exchange.  A.  C.  2-1-00. 

Re- insurance  premiums  as  well  as  direct  pre- 
miums must  be  paid  within  the  time  stipu- 
lated, viz  :  "by  the  tenth  day  of  the  second 
month  following  the  month  in  which  the 
insurance  takes  effect."  *  A.  C.  6-18-99. 

The  acceptance  of  a  check  in  payment  of 
premiums,  no  matter  when  dated,  which  shall 
be  held  by  the  member  receiving  it  for  more 
than  twenty-four  hours  (Sundays  and  holi- 
days excepted)  after  the  time  specified  by 
Section  20  of  the  Agreement,  as  amended,  will 
be  regarded  as  a  deviation  and  so  dealt 
with.  A.  C.  9-21-99. 

The  acceptance  of  a  check  dated  later  than 
the  time  fixed  for  the  payment  of  premiums 
under  the  rules  of  the  Exchange  must  be 
regarded  as  a  deviation  and  so  dealt 
with.  A.  C.  8-30-99. 

Additional  Premiums  charged  under  endorse- 
ments on  policies  shall  be  treated  in  the  same 
manner  as  if  they  were  original  premiums, 
and  are  subject  to  Exchange  rules  regarding 
cancellation  of  policies  for  non-payment  of 
premiums  within  the  time  prescribed  by 
above  Section.  A.  C.  1-10-00. 

"Where  an  additional  premium  is  required 


AGREEMENT 


under  the  rules  of  the  Exchange  which  would 
amount  to  less  than  25  cents  the  charge  there- 
for may  be  waived.  3-20-01. 

(b)  All  insurance  effected  upon  open  entry, 
or  carried  on  binder,  must  be  closed  and 
premium  thereon  paid  within  the  time  above 
specified.  In  closing  same  it  shall  be  on  the 
basis  of  rate  existing  at  the  time  insurance 
was  made  binding. 

(c)  The  Arbitration  or  Grievance  Committee 
shall  have  authority  to  extend  the  time  for 
the  payment  of  premiums,  in  specific  cases, 
on  account  of  sickness  or  absence  of  an 
assured,  or  similar  sufficient  excuse,  on  the 
written  request  of  the  member  interested. 


Open  entries,  time  of 
closing  and  rat* 


Time  for  payment  of 
premiums  may  be 
extended 


Outside  Risks, 
brokerage  on 


Local  tariff  to  govern 


Section  21. 

(a)  No  brokerage  in  excess  of  ten  per  cent, 
shall  be  paid  on  any  risk  outside  the  territory 
included  in  this  Agreement,  except  when  such 
risk  is  within  the  jurisdiction  of  local  boards 
whose  rules  allow  a  higher  brokerage  than 
ten  per  cent,  and  then  such  brokerage  must 
not  be  exceeded. 

An  allowance  of  brokerage  in  excess  of  ten 
per  cent,  on  floating  policies  covering  outside 
the  territory  of  this  Exchange  is  a  violation, 
whether  such  policies  also  cover  within  such 
territory  or  not. 

(b)  In  case  any  risk  on  property  located 
outside  the  territory  of  this  Exchange  be 
written  or  accepted  otherwise  than  through 
a  local  agent  of  the  company,  the  rate  at 
which  the  risk  is  accepted  shall  be  that  of  the 
local  tariff  of  the  place  where  it  is  located, 
and  the  policy  shall  conform  to  rules  and 
forms  there  required.  This  provides  that 
members  shall  not  write  in  their  offices 
situated  in  the  territory  covered  by  this  Ex- 
change in  violation  of  the  tariff  rate  of  any 
local  board. 

Where  a  policy  covers  property  located  within 
the  territory  of  the  Exchange,  and  also 
property  located  outside  of  such  territory,  the 


AGREEMENT 


29 


Local  tariff  to  govern 
(concluded) 


Re-insurance 


rate  on  the  property  located  outside  of  the 
territory  of  the  Exchange  shall  be  in  accord- 
ance with  the  rules  and  rates  of  the  locality 
where  the  property  is  located,  but  in  no  case 
less  than  the  rate  of  the  New  York  Fire 
Insurance  Exchange  on  the  property  located 
within  its  territory.  R.  C.  4-25-00. 

Section  22. 

(a)  No  member  or  company  represented  by 
a  member  shall  effect,  here  or  abroad,  any  re- 
insurance upon  risks  located  in  the  territory 
of  this  Exchange,  otherwise  than  with  mem- 
bers of  the  New  York  Fire  Insurance  Ex- 
change. 

It  is  a  violation  of  the  rules  of  the  Ex- 
change to  effect  re-insurance  in  any  Company 
not  legally  admitted  to  transact  business  in 
that  portion  of  the  territory  of  the  Exchange 
in  which  re-insurance  is  desired ;  but  this 
does  not  apply  to  so-called  Affidavit 
Bisks.  A.  C.  2-10-00. 

It  is  contrary  to  the  spirit  of  the  Agreement 
and  rules  of  the  Exchange  for  a  member  to 
re-insure  a  non-Exchange  company  upon  risks 
located  within  the  jurisdiction  of  this  Ex- 
change. A.  C.  6-13-00. 

Re-insurance  written  within  the  jurisdiction 
of  this  Exchange  on  policies  covering  risks 
located  outside  the  territory  of  this  Exchange 
must  be  written  at  the  tariff  rate  of  the  local 
board  having  jurisdiction.         A.  C.  6-13-00. 

The  rules  of  the  Exchange  do  not  affect  the 
commission  paid  by  one  company  to  another, 
both  being  members  of  the  Exchange,  for  the 
re-insurance  of  risks  located  outside  of  the 
jurisdiction  of  this  Exchange.     A.  C.  8-30-99. 

Exchange  members  may  re-insure  non-Ex- 
change companies  upon  risks  located  within 
the  jurisdiction  of  the  Exchange,  provided  no 
commission  or  brokerage  thereon  is  paid  to  the 
re-insured  company,  or  to  the  broker,  or 
agent.  A.  C.  8-11-00. 

(b)  The  above  restrictions  shall  not  apply 


AGREEMENT 


30 


Affidavit  risks 
excepted 


Withdrawals 


to  such  risks  as,  under  the  provisions  of  the 
Statutes  of  New  York  State,  may  be  placed  by- 
licensed  brokers  in  companies  not  duly  admit- 
ted to  transact  business  in  the  State,  nor 
shall  it  apply  to  buildings  or  contents  of 
railroad  terminal  property. 

As  to  the  right  of  companies  to  effect  Re- 
Insurance  in  outside  Companies,  all  Exchange 
companies  being  full,  it  is  ruled  that  the  same 
privilege  would  extend  to  companies  effecting 
Re-Insurance  as  is  given  to  Brokers  under 
Pledge  Class  2,  they  also  rendering  to  the 
Manager  a  statement  of  the  amounts  of  such 
insurance  and  the  companies  in  which  it 
is  effected  similar  to  the  statement  re- 
quired from  Brokers  under  same  circum- 
stances. A.  C.  8-21-99. 

In  the  matter  of  re-insurance  of  policies  issued 
prior  to  organization  of  the  Exchange  and  com- 
missions allowed  thereon,  it  is  ruled  that  any 
policy,  whether  direct  or  by  way  of  re-insur- 
ance, written  subsequent  to  March  8th,  1899, 
should  conform  fully  to  tariff  requirements  as 
to  rates  and  rules.  10-19-99. 

Re-insurance  of  fire  liability  of  Marine  In- 
surance Companies  on  merchandise  either 
specific  or  by  floating  policies  must  conform  to 
all  Exchange  rules  and  rates.    A.  C.  11-10-99. 

Section  23. 

Any  member  may  withdraw  from  this  Ex- 
change on  giving  thirty  days'  notice  in  writ- 
ing to  the  President  of  the  Exchange  of  his 
intention  to  do  so  ;  it  being  understood  that, 
at  the  end  of  such  thirty  days  and  on  such 
withdrawal,  any  other  member  may  with- 
draw at  the  same  time,  provided  he  has 
given,  at  least,  five  days'  notice  in  writing  to 
the  President  of  the  Exchange  of  his  inten- 
tion to  do  so.  Notices  of  resignation  shall 
be  immediately  communicated  to  all  the 
members. 

Section  24. 

No  change  shall  be  made  in  this  Agreement 


AGREEMENT 


31 


Changes  in  Agreement 


Arrangements  to  be 
relinquished 


Information  as  to 
such  arrangements 


Pledge  of  Member 


until  written  or  printed  notice  of  a  proposi- 
tion to  amend  has  been  sent  to  every  mem- 
ber, not  less  than  one  week  in  advance  of  the 
day  fixed  for  its  discussion  ;  and  no  change 
or  addition  shall  be  made  if  any  member 
present  at  such  meeting  shall  vote  in  the 
negative. 

Section  25. 

(a)  All  companies  having  arrangements 
which,  in  accordance  with  the  rules  now 
adopted,  will  have  to  be  relinquished  or  re- 
adjusted shall,  as  the  alternative  of  imme- 
diate acquiescence,  file  with  the  Arbitration 
Committee  a  statement  of  such  arrange- 
ments, accompanied  by  an  application  for 
time  in  which  to  reform  the  same  ;  and  the 
maintenance  of  such  arrangements  in  the 
absence  of  the  submission  of  such  application 
shall  be  held  to  be  in  violation  of  the  rules  of 
the  Exchange. 

(b)  The  Arbitration  Committee  shall  there- 
upon, with  due  diligence,  proceed  to  pass 
upon  the  applications  filed  ;  and  the  decision 
of  such  Committee  when  rendered  shall  be 
final  and  conclusive  ;  and  the  said  Committee 
shall,  upon  request  of  any  member,  furnish 
him  with  full  information  as  to  any  such 
arrangements  filed. 

Section  26. 

I  hereby  agree  for  myself  and  the  company 
or  companies  which  I  represent  that  I  will 
observe  the  foregoing  Agreement  and  all  the 
Rates,  Rules  and  Regulations  of  the  New 
York  Fire  Insurance  Exchange,  in  letter  and 
in  spirit,  until  I  am  released  from  its  obliga- 
tions, as  therein  provided.  I  have  not  any 
agreement  or  contract  with  brokers,  or 
others,  not  in  accordance  with  its  provisions, 
nor  will  I  make  any  such  while  I  am  a  mem- 
ber of  this  Exchange. 


AGREEMENT 


Signature  of  member  to 
foregoing  Agreement 
and  Pledge 


LIST  OF  MEMBERS. 


COMPANY   MEMBERS. 

Assurance  Co.  of  America New  York. 

Atlas  Assurance  Co London,  England. 

Caledonian  Insurance  Co Scotland. 

Caledonian  American  Insurance  Co New  York. 

Cologne  Eeinsurance  Co Cologne,  Germany. 

Colonial  Assurance  Co New  York. 

Commercial  Union  Assurance  Co.,  Ltd England. 

Commercial  Union  Insurance  Co New  York. 

Commonwealth  Insurance  Co New  York. 

Continental  Insurance   Co New  York. 

Empire  City  Fire  Insurance  Co New  York. 

German  Alliance  Insurance  Co New  York. 

German  American  Insurance  Co New  York. 

Germania  Fire  Insurance  Co New  York. 

Globe  &  Eutgers  Fire  Insurance  Co New  York. 

Greenwich  Insurance  Co New  York. 

Hamburg  Bremen  Fire  Insurance  Co Hamburg,  Germany. 

Hamilton  Fire  Insurance  Co New  York. 

Hanover  Fire  Insurance  Co New  York. 

Home  Insurance  Co New  York. 

Indemnity  Fire  Insurance  Co New  York. 

Kings  County  Fire  Insurance  Co New  York. 

Lafayette  Fire  Insurance  Co New  York. 

Liverpool  &  London  &  Globe  Insurance  Co . .  Liverpool,  England. 

Liverpool  &  London  &  Globe  Insurance  Co New  York. 

London  &  Lancashire  Fire  Insurance  Co . . .  Liverpool,  England. 

London  Assurance  Corporation London,  England. 

Manchester  Fire  Insurance  Co Manchester,  England. 

Munich  Ee-Insurance  Co Munich,  Germany. 

Nassau  Fire  Insurance  Co New  York. 

National  Assurance  Co.  of  Ireland Ireland. 

National  Standard  Fire  Insurance  Co New  York. 

New  York  Fire  Insurance  Co New  York. 

Niagara  Fire  Insurance  Co New  York. 

33 


LIST     OF     MEMBERS.  34 


North  British  &  Mercantile  Insurance  Co ...  .  London,  England. 

North  British  &  Mercantile  Insurance  Co New  York. 

Northern  Assurance  Co London,  England. 

Northern  Insurance  Co New  York. 

North  German  Fire  Insurance  Co New  York. 

North  German  Fire  Insurance  Co Hamburg,  Germany. 

North  Eiver  Insurance  Co New  York. 

Norwich  Union  Fire  Insurance  Society Norwich,  England. 

Pacific  Fire  Insurance  Co New  York. 

Palatine  Insurance  Co.,  Ltd Manchester,  England. 

Pelican  Assurance  Co New  York. 

Peter  Cooper  Fire  Insurance  Co New  York. 

Phenix  Insurance  Co New  York. 

Phoenix  Assurance  Co London,  England. 

Queen  Insurance  Co New  York. 

Royal  Exchange  Assurance London,  England. 

Royal  Insurance  Co Liverpool,  England. 

Salamandra  Insurance  Co St.  Petersburg,  Russia. 

Skandia  Insurance  Co Stockholm,  Sweden. 

Standard  Fire  Insurance  Co.,  The Trenton,  N.  J. 

Stuyvesant  Insurance  Co New  York. 

Sun  Insurance  Office London,  England. 

Thuringia  Fire  Insurance  Co Erfurt,  Germany. 

United  States  Fire  Insurance  Co New  York. 

Victoria  Fire  Insurance  Co New  York. 

Westchester  Fire  Insurance  Co New  York. 

Williamsburgh  City  Fire  Insurance  Co New  York. 


AGENCY    MEMBERS. 

Baldwin  &  Fuller.  Mather  &  Co. 

Banta,  W.  S.  Miller,  A.  E. 

Blagden  &  Stillman.  Ogden  &  Katzenmeyer. 

Brown,  T.  Y.,  &  Co.  Perrin,  W.  L. 

Case,  Charles  L.  Pollock,  West  &  Co. 

Crum  &  Forster.  Prentice,  Daniel. 

Dellevie,  Otto.  Price  &  Brickelmaier. 

Hall  &  Henshaw.  Rowell,  Edward. 

Herrick,  Harold.  Sammis,  W.  D. 

Hilliard,  J.  G.  Scott,  Alexander  &  Talbot. 

Howe,  George  C.  Smith,  C.  G. 

Howley  &  King.  Wayland,  Curtis  C. 

Hull  &  Dinsmore.  Weed  &  Kennedy. 

Kelly,  J.  A.  Whiton,  J.  M.  &  Co. 

Lasher,  Thomas  J.  Withers  &  Mills. 

Lockwood,  Benoni.  Young,  W.  P. 


COMPANIES     REPRESENTED     BY     MEMBERS.  35 

COMPANIES  REPRESENTED  BY  MEMBERS  and  AGENTS. 

The  following  is  a  List  of  Companies  represented  by  Members 
of  the  Exchange  and  by  Agents  under  Exchange  jurisdiction  as 
recorded  at  the  Manager's  Office  up  to  April  1st,  1903. 

Aachen  and  Munich  Eire  Ins.  Co.  .Aix-la-Chapelle,  Germany. 

Aetna  Insurance  Co Hartford,  Conn. 

Agricultural  Insurance  Co Watertown,  N.  Y. 

Albany  Insurance  Co Albany,  N.  Y. 

Allemania  Eire  Insurance  Co Pittsburgh,  Pa. 

Alliance  Assurance  Co London,  England. 

American  Central  Insurance  Co St.  Louis,  Mo. 

American  Eire  Insurance  Co Philadelphia,  Pa. 

American  Insurance  Co Boston,  Mass. 

American  Insurance  Co Newark,  N.  J. 

Anchor  Fire  Insurance  Co Cincinnati,  Ohio. 

Boston  Insurance  Co Boston,  Mass. 

British  American  Assurance  Co Toronto,  Canada. 

Buffalo  Commercial  Insurance  Co Buffalo,  N.  Y. 

Buffalo  German  Insurance  Co Buffalo,  N.  Y. 

Camden  Eire  Insurance  Association Camden,  N.  J. 

Capital  Eire  Insurance  Co Concord,  N.  H. 

Citizens  Insurance  Co St.  Louis,  Mo. 

Colonial  Assurance  Co New  York. 

Colonial  Insurance  Co Washington,  D.  C. 

Commerce  Insurance  Co Albany,  N.  Y. 

Concordia  Fire  Insurance  Co Milwaukee,  Wis. 

Connecticut  Fire  Insurance  Co Hartford,  Conn. 

Delaware  Insurance  Co.  of  Philadelphia Philadelphia,  Pa. 

Detroit  Fire  and  Marine  Insurance  Co Detroit,  Mich. 

Dutchess  Insurance  Co Poughkeepsie,  N.  Y. 

Equitable  Fire  and  Marine  Insurance  Co Providence,  E.  I. 

Farmers  Fire  Insurance  Co York,  Pa. 

Fire  Association  of  Philadelphia Philadelphia,  Pa. 

Fire  Ins.  Co.  of  the  County  of  Philadelphia . . .  Philadelphia,  Pa. 

Firemens  Fund  Insurance  Co San  Francisco,  Cal. 

Firemens  Insurance  Co.  of  Baltimore Baltimore,  Md. 

Firemens  Insurance  Co.  of  Newark,  N.  J Newark,  N.  J. 

Franklin  Fire  Insurance  Co.  of  Philadelphia . .  Philadelphia,  Pa. 

Georgia  Home  Insurance  Co Columbus,  Ga. 

German  American  Fire  Insurance  Co Baltimore,  Md. 

German  Fire  Ins.  Co.  of  the  City  of  Pittsburgh.  .Pittsburgh,  Pa. 

German  Insurance  Co.  of  Freeport Freeport,  111. 

Girard  Fire  and  Marine  Insurance  Co Philadelphia,  Pa. 

Glens  Falls  Insurance  Co Glens  Falls,  N.  Y. 

Granite  State  Fire  Insurance  Co Portsmouth,  N.  H. 

Hartford  Fire  Insurance  Co Hartford,  Conn. 


COMPANIES     REPRESENTED    BY     MEMBERS.  36 

Home  Fire  &  Marine  Ins.  Co.  of  California,  San  Francisco,  Cal. 

Home  Fire  Insurance  Co.  of  Baltimore Baltimore,  Md. 

Indianapolis  Fire  Insurance  Co Indianapolis,  Ind. 

Insurance  Co.  of  North  America Philadelphia,  Pa. 

Law  Union  and  Crown  Fire  and  Life  Ins.  Co . .  London,  England. 

Lumbermen's  Insurance  Co Philadelphia,  Pa. 

Mechanics  and  Traders'  Insurance  Co New  Orleans,  La. 

Mechanics  Insurance  Co Philadelphia,  Pa. 

Mercantile  Fire  and  Marine  Insurance  Co Boston,  Mass. 

Michigan  Fire  and  Marine  Insurance  Co Detroit,  Mich. 

Milwaukee  Fire  Insurance  Co Milwaukee,  Wis. 

Milwaukee  Mechanics'  Insurance  Co Milwaukee,  Wis. 

National  Fire  Insurance  Co.  of  Hartford Hartford,  Conn. 

National  Union  Fire  Insurance  Co Pittsburgh,  Pa. 

Netherlands  Fire  Insurance  Co The  Hague,  Holland. 

New  Hampshire  Fire  Insurance  Co Manchester,  N.  H. 

New  York  Underwriters  Agency New  York. 

Newark  Fire  Insurance  Co Newark,  N.  J. 

North  German  Fire  Insurance  Co Hamburg,  Germany. 

Northwestern  Nat.  Ins.  Co.  of  Milwaukee,  Wis . .  Milwaukee,  Wis. 

Orient  Insurance  Company Hartford,  Conn. 

Pennsylvania  Fire  'Insurance  Co Philadelphia,  Pa. 

Philadelphia  Underwriters Philadelphia,  Pa. 

Phoenix  Insurance  Co Hartford,  Conn. 

Potomac  Insurance  Co.  of  Georgetown Washington,  D.  C. 

Providence- Washington  Insurance  Co Providence,  R.  I. 

Prussian  National  Insurance  Co Stettin,  Germany. 

Reading  Fire  Insurance  Co Reading,  Pa. 

Reliance  Insurance  Co.  of  Philadelphia Philadelphia,  Pa. 

Rochester  German  Ins.  Co.  of  Rochester,  N.  Y . .  Rochester,  N.  Y. 

Royal  Exchange  Assurance London,  England. 

St.  Paul  Fire  and  Marine  Insurance  Co St.  Paul,  Minn. 

Scottish  Union  and  National  Ins.  Co Edinburgh,  Scotland. 

Security  Insurance  Co.  of  New  Haven New  Haven,  Conn. 

Spring  Garden  Insurance  Co Philadelphia,  Pa. 

Springfield  Fire  and  Marine  Insurance  Co ... .  Springfield,  Mass. 

Svea  Fire  and  Life  Insurance  Co Gothenburg,  Sweden. 

Teutonia  Insurance  Co New  Orleans,  La. 

Traders  Insurance  Co Chicago,  111. 

Transatlantic  Fire  Insurance  Co Hamburg,  Germany. 

Union  Assurance  Society London,  England. 

Union  Insurance  Co.  of  Philadelphia,  Pa Philadelphia,  Pa. 

United  Firemens  Ins.  Co.  of  Philadelphia Philadelphia,  Pa. 

Virginia  Fire  and  Marine  Insurance  Co Richmond,  Ya. 

Virginia  State  Insurance  Co Richmond,  Va. 

Western  Assurance  Co Toronto,  Canada. 

Western  Insurance  Co.  of  Pittsburgh,  Pa Pittsburgh,  Pa. 


BROKER'S  PLEDGE. 

CLASS   I. 

In  consideration  of  the  commissions  or  brokerages  of  10  per 
cent,  or  20  per  cent,  as  provided  for  and  to  be  paid  by  members  of 
the  New  York  Fire  Insurance  Exchange,  I  hereby  promise  and 
agree  that  I  will  not,  directly  or  indirectly,  make  any  rebate  to 
the  assured  nor  directly  or  indirectly  pay  to  or  divide  with  any 
person  not  holding  a  Broker's  Certificate,  any  commission  or 
brokerage,  nor  will  I  receive  from  any  Company  or  Agent,  directly 
or  indirectly,  any  remuneration  for  business  placed  with  them  in 
excess  of  that  permitted  by  the  rules  of  the  Exchange. 


To  be  signed  by  the  principal,  not  employee. 


CLASS  II. 

In  consideration  of  the  payment  to  be  made  to  me  of  an  addi- 
tional five  per  cent,  to  the  commissions  or  brokerages  as  provided 
for  in  Broker's  Pledge,  Class  I,  signed  by  me,  I  hereby  promise 
and  agree  in  addition  to  said  pledge,  that  in  placing  insurance,  I 
will  give  the  preference  to  the  members  of  the  New  York  Fire 
Insurance  Exchange,  and  that  I  will  not  place  any  risk  with 
those  not  members  unless  I  cannot  secure  sufficient  insurance  on 
such  risks  from  members  of  the  Exchange,  in  which  case  I  agree 
to  file  with  the  Secretary  of  the  Exchange,  within  one  week  of  so 
placing  a  list  of  such  outside  Company  or  Companies  in  which 
same  has  been  placed  with  the  name  of  the  assured,  location  of 
risk  and  the  amounts  of  insurance  given  them. 


(To  be  signed  by  the  principal,  not  employee,  principal 
having  first  signed  Pledge,  Class  I.) 


37 


GENERAL  RULES  AND  RATES. 


ALLOWANCE  FOR  AUTOMATIC  FIRE  ALARM. 

On  all  risks  an  allowance  may  be  made  for  an  approved  Auto- 
matic Fire  Alarm  as  follows : 

Rates  1  per  cent,  or  less 10  per  cent. 

Rates  over  1  per  cent 10  cents. 

In  Listed  Storage  Stores  equipped  with  automatic  fire  alarm, 
allowance  as  above  may  be  made  from  the  rate  for  merchandise 
arrived  at  by  adding  Alphabetical  List  charge  to  the  base  rate 
for  merchandise  named  on  card.  Allowance  as  above  may  also 
be  made  on  rate  for  building  as  given  on  card. 

No  permit  shall  be  granted  for  an  inoperative  condition  of  an  auto- 
matic sprinkler  or  automatic  alarm  equipment  for  any  cause 
without  advancing  the  rate  by  the  pro  rata  of  the  original  allow- 
ance for  the  unexpired  term.  No  allowance  can  be  made  for 
automatic  sprinklers  or  alarm  for  a  stipulation  for  an  intended 
installation  at  a  later  date,  but  the  charge  must  be  made  for  the 
full  term  under  the  conditions  existing  at  the  date  of  the  policy. 
No  allowance  shall  be  made  for  any  such  installation  until  certifi- 
cate and  notification  are  regularly  issued.  2-6-96. 

ALLOWANCE  FOR  AUTOMATIC  SPRINKLERS. 

In  entire  Metropolitan  District:  no  allowance  shall  be  made 
for  an  approved  Automatic  Sprinkler  System,  unless  a  warranty 
is  placed  on  policies  providing  that  a  watchman  shall  be  main- 
tained nights,  Sundays  and  holidays,  or  when  the  premises  are 
not  in  operation  or  use ;  or  that  the  sprinkler  system  be  connected 
electrically  by  a  suitable  device  with  the  Central  ofl&ce  of  an  auto- 
matic fire  alarm  system,  so  arranged  that  it  will  give  immediate 
notice  in  case  the  water  flows  in  the  pipe  system.     (See  clause.) 

For  old  eqiupments  in  accordance  with  the  standard  of  the 
New  York  Board  of  Fire  Underwriters,  existing  previously  to  April 
15th,  1896,  allowance  of  20  per  cent,  on  building  and  contents. 

38 


GENERAL     RULES     AND     RATES.  39 

For  equipments  in  accordance  with  the  new  standard  of  the 
New  York  Board  of  Fire  Underwriters,  allowance  of  30  per  cent, 
on  building  and  contents. 

No  equipment  shall  be  entitled  to  the  30  per  cent,  allowance  until 
expressly  so  stated  upon  the  rate  card.  6-19-96. 

No  permit  shall  be  granted  for  an  inoperative  condition  of  an  auto- 
matic sprinkler  or  automatic  alarm  equipment  for  any  cause 
without  advancing  the  rate  by  the  pro  rata  of  the  original  allow- 
ance for  the  unexpired  term.  No  allowance  can  be  made  for 
automatic  sprinklers  or  alarm  for  a  stipulation  for  an  intended 
installation  at  a  later  date,  but  the  charge  must  be  made  for  the 
full  term  under  the  conditions  existing  at  the  date  of  the  policy. 
No  allowance  shall  be  made  for  any  such  installation  until  certifi- 
cate and  notification  are  regularly  issue'd.  2-6-96. 

AUTOMATIC  SPRINKLER  EQUIPMENTS  ON  SEPARATE 

FLOORS. 

An  equitable  recognition  shall  be  made  of  sprinkler  equip- 
ments on  separate  floors  of  fire-proof  buildings  occupied  for 
mercantile  purposes  where  the  entire  building  is  not  equipped, 
based  upon  such  percentage  of  the  regular  sprinkler  allowance  as 
the  floor  area  so  equipped  bears  to  the  total  floor  area  of  the 
entire  building,  it  being  understood  that  no  allowance  shall  be 
made  for  equipments  covering  less  than  an  entire  floor  of  a  build- 
ing, and  that  the  percentage  deduction  to  be  allowed  shall  be 
only  on  contents  of  the  floor  or  floors  directly  protected  by  such 
equipment.  9-14-00. 

APARTMENT  HOUSES. 

Manager  is  required  to  rate  specifically  all  Apartment  Houses 
of  2,500  square  feet  or  over  in  ground  area,  which  are  over  five 
stories  in  height,  and  also  all  Apartment  Houses  of  over  4,000 
square  feet  area,  and  members  when  binding  risks  of  this  class 
must  apply  to  the  Manager  for  specific  rates  on  such  risks  as  come 
within  these  limitations. 

When  a  risk  is  bound  upon  an  apartment  house  in  course  of 
construction,  or  a  contemplated  new  apartment  house,  it  must 
be  bound  subject  to  a  specific  rate  to  be  made  by  the  Exchange, 
or  have  attached  to  the  policy  the  following  clause : 

"Warranted  by  the  assured  that  the  building  insured  under 
this  policy  is  not  more  than  5  stories  in  height  and  does  not  ex- 
ceed 4,000  square  feet  in  ground  area  (no  deduction  being  made 
from  such  area  for  light  and  ventilating  shafts  or  similar  open- 
ings), otherwise  this  policy  to  be  null  and  void." 


GENERAL  RULES  AND  RATES.  40 

Note:— If  the  building  does  not  exceed  2,500  square  feet  In  area 
It  may  be  more  than  5  stories  in  height  without  being  subject  to 
rate,  and  in  that  case,  the  above  warranty  maybe  changed  by  in- 
serting the  number  of  stories  instead  of  5  and  placing  the  limit  of 
area  at  2,500  square  feet  instead  of  4,000 ;  as,  for  example :  "  War- 
ranted that  the  building  insured  under  this  policy  is  not  more 
than  7  stories  in  height  and  does  not  exceed  2,500  square  feet  in 
area  (no  deduction  being  made  from  such  area  for  light  and  ven- 
tilating shafts  and  similar  openings),  otherwise  this  policy  to  be 
null  and  void." 

For  the  guidance  of  members  an  "Apartment  House"  is  defined 
as  follows,  viz :  a  building  in  which  apartments  are  rented  to 
tenants  whose  housekeeping  is  conducted  in  their  own  apart- 
ments respectively.  A.  C.  6-2-99. 

The  Unoccupancy  Warranty  is  not  required  on  policies  covering 
Apartment  Houses  in  course  of  construction  that  are  not  subject 
to  specific  rating,  but  policies  covering  on  Apartment  Houses 
which  come  under  the  ruling  of  the  Exchange  as  to  area  and  height 
must  have  the  Unoccupancy  Warranty  attached.  R.  C.  6-1-00. 

Apartment  houses  and  stores  and  dwellings  which  are  or  may 
be  hereafter  specifically  rated  may  be  written  at  Branch  Offices,  and 
the  commission  payable  on  such  risks  under  the  Agreement 
is  20  or  25  per  cent.,  as  provided  by  Section  17,  (a)  of  Agree- 
ment. A.  C.  4-28-99. 

BASEMENTS  SPRINKLED. 

Where  basements  and  sub-basements  are  fully  protected  with 
an  approved  system  of  automatic  sprinklers,  and  approval  has 
been  promulgated  by  the  New  York  Board  of  Fire  Underwriters, 
the  Rate  Committee  may  make  an  allowance  therefor  of  not  ex- 
ceeding 10  per  cent.  This  discount  shall  not  be  made  in  addition 
to  the  discount  for  fully  sprinkled  risks.  12-11-02. 

BINDING  RISKS. 

Policies  must  be  issued  immediately  as  soon  as  a  risk  is  bound 
at  the  proper  rate  then  existing  and  not  held  open  for  an  antici- 
pated change  in  the  rate,  subject  to  rules  regarding  Changes  of 
Occupancy  Construction  or  Hazard,  on  page  52. 

No  insurance  shall  be  made  binding,  whether  by  verbal  agreement, 
binder,  renewal  receipt,  new  policy,  certificate,  or  otherwise,  to 
take  effect  beyond  the  calendar  month  succeeding  date  of  applica- 
tion, unless  the  insurance  so  arranged  for  in  advance  shall  be 
taken  subject  to  the  tariff  rate  in  force  at  the  time  such  insurance 
is  to  take  effect.  12-18-00. 


GENERAL     RULES     AND     RATES.  41 

When  binders  are  issued  on  rated  risks  such  binders  must  be  at 
the  rates  in  cabinets,  and  the  issuance  of  such  binders  at  less  than 
tariff  rate  will  be  regarded  as  a  violation  and  dealt  with  accord- 
ingly. A.  C.  6-1-00. 

BLANKET  POLICIES. 

Policies  covering  on  and/ or  in  two  or  more  buildings  not  com- 
municating must  have  the  100  per  cent.  Average  Clause  attached, 
without  deduction  for  the  same. 

Blanket  policies  may  be  written  covering  on  and/ or  in  two  or 
more  communicating  buildings  having  approved  fire  doors  at  all 
communicating  openings,  at  the  highest  rate,  with  the  80  per 
cent.  Average  Clause  and  the  Standard  Distribution  Clause,  and 
10  per  cent,  allowance  may  be  made  for  100  per  cent.  Average  in 
such  cases. 

Policies  insuring  contents  of  building  or  buildings,  i.  e., 
machinery  and  stock,  under  one  item,  must  have  the  100  per  cent. 
Average  Clause  attached  and  the  usual  10  percent,  deduction  may 
be  made  therefor,  provided  the  blanket  policy  covers  in  one  build- 
ing only,  but  if  in  two  or  more  buildings  not  communicating  no 
deduction  may  be  made. 

(See  ruling,  under  Communicating  Buildings,  on  the  subject  of 
non-approved  doors.) 

The  usual  allowance  may  be  made  for  100  per  cent.  Average  on 
policies  covering  blanket  on  building,  machinery  and  stock,  provid- 
ing the  blanket  policy  covers  on  and/or  in  one  building  only,  but 
if  in  two  or  more  buildings  not  communicating,  no  deduction 
may  be  made.  It.  C.  2-21-00. 

The  rules  covering  attachment  of  the  Standard  Distribution 
Clause  apply  when  policies  are  written  under  an  average  rate  the 
same  as  if  written  under  a  blanket  rate.  It.  C.  7-20-01. 

When  a  policy  blankets  merchandise  and  furniture  and  fixtures  the 
100  per  cent.  Average  Clause  is  required  and  the  usual  allowance 
of  10  per  cent,  may  be  made  therefor.  It.  C.  4-15-02. 

A  policy  covering  merchandise  in  or  on  the  piers  of  any  speci- 
fied terminal  may  include  merchandise  in  cars  on  tracks  of  that  termi- 
nal and  be  considered  not  as  a  floater,  but  as  a  blanket  policy, 
and  may  be  written  at  the  rate  of  the  contents  of  the  pier  or  shed 
of  that  terminal  having  the  highest  contents  rate.  Such  policies 
must  have  the  100  per  cent.  Average  Clause  with  no  deduction 
therefor. 

Members  are  also  reminded  that  in  case  of  blanket  policies  on 
buildings  or  their  contents,  not  communicating  as  well  as  com- 
municating, the  highest  rate  included  under  the  blanket  must  be 
charged. 


GENERAL     EUI/ES     AND     RATES.  42 

Members  may  not  under  any  circumstances  make  average 
rates  for  blanket  policies  covering  two  or  more  risks.  In  all 
cases  the  rule  must  be  observed  that  the  highest  rate  must  be 
charged.  Average  rates  for  blanket  policies  may  be  made  only  by  the 
Manager,  acting  under  the  rules,  and  no  average  rate  may  be 
allowed  until  regularly  published  on  the  card.  7-10-96. 

BRANCH  MANAGERS. 

The  conditions  under  which  Branch  Managers  may  be  ap- 
pointed as  to  territory,  compensation,  classes  of  risks  permitted 
to  be  written,  etc,  are  fully  set  forth  in  Section  18  of  Agreement, 
and  in  connection  therewith  the  following  rulings  have  been 
made. 

The  words  in  Agreement,  Section  18  (f )  "  shall  write  no  risks 
except  in  the  Boroughs  of  Manhattan  and  the  Bronx  above  the 
line  mentioned  in  Paragraph  (c)"  prohibit  the  issuance  from  the 
office  of  any  Branch  Manager  of  any  policy  which  may  have  been 
previously  executed  in  blank  at  the  Head  Office,  and  a  strict  compli- 
ance with  the  letter  and  spirit  of  this  rule  requires  that  no  such 
policies  shall  be  executed  at  the  Head  Office  except  in  their  entirety. 
This  ruling  will  apply  to  risks  located  south  of  the  line  provided 
in  the  Agreement  and  also  to  classes  of  hazards  which  the  Branch 
Office  is  prohibited  from  writing.  A.  C.  10-24-99. 

It  is  held  to  be  in  violation  of  the  rules  of  the  Exchange  for  the 
salary  of  a  Branch  Manager  to  be  revised  each  month,  or  at  any 
period  short  of  one  year,  the  plain  interpretation  of  the  rules  re- 
lating to  the  employment  of  Branch  Managers  being  that  the 
salary  referred  to  shall  be  fixed  in  advance  for  a  period  of  at  least 
one  year.  In  view,  however,  of  the  common  practice  of  having 
salary  arrangements  end  with  the  calendar  year,  it  is  held  that 
contracts  may  be  made  during  the  current  year  for  the  unexpired 
portion  thereof.  A.  C.  4-24-99. 

A  person  may  act  as  a  Head  Office  Agent  for  one  member  and 
at  the  same  time  as  a  Branch  Office  Manager  for  another  member 
in  the  territory  assigned  to  Branch  Offices,  but  the  rules  forbid  a 
person  holding  such  appointments  to  transact  any  brokerage  business 
whatever.  A.  C.  4-28-99. 

It  is  not  in  violation  of  the  rules  of  the  Exchange  for  two  or 
more  members  to  maintain  jointly  such  Branch  Offices  as  are  per- 
mitted by  the  rules  of  the  Exchange.  A.  C.  3-21-99. 

The  manager  of  a  Branch  Office  may  not  receive,  under  the 
rules,  a  brokerage  on  any  risk  which  he  may  place  in  the  name 
and  on  behalf  of  the  company  which  he  represents.  5-18-99. 

Apartment  houses  and  stores  and  dwellings  which  are  or  may  be 
hereafter  specifically  rated  may  be  written  at  Branch  Offices,  and  the 


GENERAL     RULES     AND     RATES.  43 

commission  payable  on  such  risks  under  the  Agreement  is  20  or  25 
per  cent.,  as  provided  by  Section  17,  (a)  of  Agreement.  A.  C.  4-28-99. 

For  the  guidance  of  members  an  "Apartment  House,"  is 
defined  as  follows,  viz :  a  building  in  which  apartments  are  rented 
to  tenants  whose  housekeeping  is  conducted  in  their  own  apart- 
ments respectively.  A.  C.  6-2-99. 

Private  stables  and  their  contents  which  may  be  written  by 
managers  of  Branch  Offices,  include  private  family  stables;  also 
private  business  stables  provided  same  be  owned  or  occupied  by 
parties  who  are  engaged  in  such  a  class  of  business  as  may  be 
written  at  Branch  Offices.  A.  C.  6-2-99. 

A  policy  which  has  been  issued  at  a  Branch  Office  prior  to  the 
date  of  inception  of  the  Exchange,  may  not  be  transferred  by  a 
Branch  Manager  to  cover  on  or  in  a  building  which  under  exist- 
ing rules  may  not  be  written  at  the  Branch  Office,  but  must  be 
treated  in  all  respects  as  a  new  risk  regarding  the  transfer  of 
the  insurance,  the  attachment  of  the  Average  Clause  and  the 
payment  of  commission.  A.  C.  6-16-99. 

Managers  of  Branch  Offices  in  the  Western  District  of  Brooklyn 
may  write  only  risks  located  in  such  District  and  the  Branch  Man- 
agers in  the  Eastern  District  are  likewise  restricted  to  the  writing 
of  risks  located  in  such  District.  A.  C.  6-29-99. 

Any  form  of  remuneration  to  a  Branch  Manager  other  than  a 
fixed  salary  is  in  violation  of  the  rules  of  the  Exchange,  and 
agreements  with  Branch  Managers  should  be  governed  accord- 
ingly. A.  C.  1-5-00. 

The  compensation  of  a  Branch  Manager  in  part  by  allowing 
him  a  contingent  upon  the  profits  of  his  office  is  a  violation,  as 
Branch  Managers  may  be  compensated  by  salary  only.  (See 
Agreement,  Section  18  (g).)  A.  C.  3-10-02. 

It  is  permissible  for  a  Branch  Manager  to  have  an  office  located 
below  42d  Street  and  one  located  above  42d  Street,  provided  such 
offices  do  not  represent  more  than  the  proper  quota  of  offices  al- 
lowed by  the  rules  to  the  Member  represented  by  said  Branch 
Manager.  A.  C.  4-7-02. 

A  Branch  Office  located  on  Forty-Second  Street  must  be  con- 
sidered, according  to  paragraph  (e),  Section  18  of  Agreement,  as 
being  for  the  territory  south  of  Forty-Second  Street.    A.  C.  9-14-01. 

Branch  Managers  located  in  the  Borough  of  the  Bronx  are 
restricted  to  the  writing  of  risks  located  within  so  much  of  that 
territory  as  is  under  the  jurisdiction  of  this  Exchange ;  that  is  to 
say,  West  of  the  Bronx  River.  A.  C.  9-7-01. 

Branch  Offices  must  provide  proper  cabinets  for  reception  of 
cards  containing  List  of  Brokers,  which  must  be  accessible  to  the 


GENERAL     RULES     AND     RATES.  44 

card  distributers  during  business  hours,  and  failure  to  provide 
such  cabinets  and  maintain  such  accessibility  will  be  ground  for 
requiring  a  Branch  Office  to  be  discontinued.  9-10-02. 


BROKERAGE  AND  COMMISSION. 

The  rules  of  this  Exchange  as  to  brokerage  and  commission 
apply  to  Tornado  Insurance  as  well  as  Fire  Insurance.    A.  C.  2-1-00. 

The  payment  of  any  brokerage  or  other  compensation  in 
excess  of  the  brokerage  allowed  by  the  rules  of  the  Exchange  to 
any  person  holding  a  certificate  as  a  broker,  on  any  risk  located 
outside  the  territory  of  the  Exchange,  for  the  purpose  of  influenc- 
ing business  located  in  the  territory  of  the  Exchange  whether  by 
agreement  or  otherwise,  is  a  violation  of  the  rules  of  this  Exchange 
as  to  brokerage  and  a  proper  subject  of  inquiry.       A.  C.  4-7-99. 

The  brokerage  of  20  per  cent,  and  25  per  cent,  respectively  can 
be  paid  only  on  such  risks  as  are  permitted,  under  the  Agreement, 
to  be  written  at  Branch  Offices.  A.  C.  4-7-99. 

The  offer  of  rebate  whether  given  or  not,  or  offer  of  reduction  of 
rate  below  tariff,  unless  such  reduction  is  in  accordance  with  the 
rules  of  the  Exchange,  and  the  reason  for  such  reduction  or  rebate 
explained  to  the  assured,  will  be  considered  as  a  violation  of  the 
Broker's  Pledges  and  treated  accordingly.  5-9-00. 

If  sufficient  insurance  cannot  be  procured  in  Exchange  compa- 
nies at  tariff  rates,  it  is  a  violation  of  Broker's  Pledge  to  place 
insurance  with  non-members  without  filing  with  the  Exchange, 
within  one  week,  a  memorandum  to  that  effect.        A.  C.  5-4-99. 

The  making  of  rebates  on  plate  glass,  casualty,  employers'  liabil- 
ity, sprinkler  leakage,  and  similar  policies  as  an  inducement  to 
secure  the  fire  insurance  business  of  the  party  to  whom  such  re- 
bates are  made  is  a  violation  of  the  Broker's  Pledge,  and  will  be 
treated  accordingly.  A.  C.  6-1-99. 

Not  more  than  15  per  cent,  commission  may  be  paid  under  insur- 
ances covering  buildings  and  their  contents,  which  are  occupied 
for  mercantile  purposes  on  the  first  and  second  floors  and  for 
dwellings  above.  A.  C.  6-1-99. 

Only  15  per  cent,  commission  can  be  paid  under  a  policy  cover- 
ing household  furniture  in  an  Apartment  Hotel  as  it  comes  under 
the  designation  of  Hotel.  A.  C.  6-2-99. 

It  is  a  violation  to  allow  in  excess  of  15  per  cent,  commission 


GENERAL     RULES     AND     RATES.  45 

on  policies  covering  Household  Furniture  contained  in  specifically- 
rated  storage  buildings.  8-21-99. 

Any  violation  of  the  Kules  or  the  Agreement  committed  by 
an  employee  ol  a  Broker  will  he  construed  as  an  act  of  the 
employer.  5-9-00. 

When  insurance  has  been  effected  for  proper  reasons  in  non- 
Exchange  companies  and  such  insurance  has  been  promulgated, 
and  subsequently  the  assured  moves  to  another  location  and  such 
non-Exchange  insurance  is  transferred  to  cover  in  the  new  loca- 
tion, it  is  not  necessary  to  promulgate  such  transferred  insurance, 
it  being  understood  that  at  expiration  such  insurance  shall  be 
offered  to  Exchange  companies  before  being  again  offered  to 
non-Exchange  companies.  A.  C.  7-25-99. 

Section  21  (a)  prohibits  the  payment  of  any  brokerage  in  excess 
of  ten  per  cent,  on  any  risk  written  in  the  territory  of  the  Ex- 
change and  located  outside  of  the  territory  included  in  the  Agree- 
ment, except  only  where  a  local  board,  having  jurisdiction  of  the 
territory  in  which  the  risk  is  located,  has  a  specific  rule  allowing 
more  than  ten  per  cent.,  in  which  case  such  higher  brokerage 
may  be  allowed ;  and  in  case  there  is  no  local  board,  or  in  case  a 
local  board  exists,  but  has  no  specific  rule  on  brokerages,  the 
brokerage  allowed  on  such  risks  shall  in  no  case  exceed  ten  per 
cent.  A.  C.  7-7-99. 

The  rules  of  the  Exchange  do  not  affect  the  commission  paid  by 
one  company  to  another,  both  being  members  of  the  Exchange,  for 
the  re-insurance  of  risks  located  outside  of  the  jurisdiction  of  this 
Exchange.  A.  C.  8-30-99. 

The  allowance  of  a  rebate  under  a  policy  covering  property 
wherever  located  if  written  at  any  office  or  agency  of  a  member  in 
the  territory  under  the  jurisdiction  of  the  New  York  Fire  Insur- 
ance Exchange  would  be  a  violation  of  the  Broker's  Pledge  and 
of  the  rules  of  the  Exchange ;  and  if  written  by  the  local  agent  of 
the  member  in  the  town  or  city  where  the  risk  is  located  and  the 
local  board  of  such  city  or  town  prohibits  rebates  then  the  mem- 
ber cannot  pay  a  broker  any  commission  or  brokerage  unless  he 
agrees  not  to  rebate  any  portion  thereof  to  the  assured.  The 
allowance  of  such  a  rebate  under  a  policy  written  at  any  office  or 
Agency,  wherever  located,  for  the  purpose  of  securing  an  insurance 
or  insurances  on  property  situate  in  the  territory  under  the  juris- 
diction of  the  Exchange  would  be  a  violation  of  the  Broker's 
Pledge  and  rules  of  the  Exchange,  and  in  either  case  would  be 
subject  to  the  penalties  provided.  1-10-00. 


GENERAL     RULES     AND     RATES.  46 

The  allowance  by  a  member  of  commission  or  brokerage  to  any 
clerk  or  employee  of  such  member  who  does  not  hold  a  Broker's 
Certificate  will  be  regarded  as  a  violation.  A.  C.  10-12-00. 

Members  must  not  pay  brokerage  to  any  certified  broker  on 
business  placed  prior  to  the  date  of  such  broker's  application  for  his 
Certificate.  B.  C.  11-20-00. 

The  payment  to  a  non-certified  broker  of  brokerage  or  com- 
mission on  additional  premiums  upon  policies  placed  by  such 
broker  while  holding  a  Certificate  from  this  Exchange  is  a  viola- 
tion. A.  C.  8-1-00. 

A  commission  not  exceeding  15%  may  be  allowed  upon  a  floater 
covering  property  located  only  in  dwellings  and  in  buildings 
occupied  for  stores  on  the  first  floor  and  exclusively  dwellings 
above.  A.  C.  10-23-01. 

If  Theatrical  Floaters  or  Floaters  covering  on  Personal  Effects 
wherever  they  may  be  in  the  United  States  are  written  at  an 
office  within  the  jurisdiction  of  this  Exchange,  a  rebate  on  such 
policies  will  be  a  violation.  A.  C.  10-23-01. 

An  allowance  of  brokerage  in  excess  of  ten  per  cent,  on  floating 
policies  covering  outside  the  territory  of  this  Exchange,  whether 
such  policies  also  cover  within  such  territory  or  not,  is  a  viola- 
tion. 

When  the  Arbitration  or  Grievance  Committee  has  ordered  a 
policy  or  policies  to  be  cancelled  in  consequence  of  having  ad- 
judged a  member  of  the  Exchange,  or  an  Agent  who  is  not  a 
member  but  who  holds  a  Broker's  Certificate,  guilty  of  an  infrac- 
tion of  the  rules  of  the  Exchange,  then  such  member  or  Agent  shall 
not  be  allowed  to  receive  any  commission  or  brokerage  for  the  plac- 
ing of  such  risk  during  the  term  for  which  the  member  is  himself 
ordered  to  keep  off  of  such  risk,  and  in  addition,  if  the  gravity  of 
the  offense  warrant  it,  the  facts  connected  with  the  case  shall  be 
at  once  communicated  to  the  Brokerage  Committee,  that  they 
may  revoke  the  right  of  such  member  or  Agent  to  receive  any 
commission  or  brokerage  on  any  business  for  such  time  as  they 
may  deem  fit.  12-11-01. 

Certified  Brokers  must  not  allow  commission  or  brokerage  on 
lines  placed  by  them  in  this  City  but  covering  risks  located  outside 
of  the  jurisdiction  of  the  Exchange  to  a  Broker  not  holding  a  Cer- 
tificate from  this  Exchange  whether  such  Broker  resides  within  or 
outside  of  the  jurisdiction  of  the  Exchange.  A.  C.  2-10-02. 

Certified  Brokers  may  not  act  as  Agents  for  non-Exchange 
Companies.  A.  C.  2-10-02. 

Certified  Brokers  under  their  pledges  to  this  Exchange  are  not 
permitted  to  receive  greater  remuneration  for  business  placed  with 
non-Exchange  companies  after  first  having  offered  same  to  all 


GENERAL  RULES  AND  RATES.  47 

Exchange  companies  than  is  permitted  to  he  paid  them  by  mem- 
bers of  the  Exchange.  A.  C.  3-23-01. 

The  allowance  of  a  discount  for  cash  payment  of  premiums 
will  be  regarded  as  a  rebate  and  violation  and  dealt  with  accord- 
ingly. B.  C.  12-17-00. 

The  giving  of  envelopes,  bill  heads,  letter  heads,  or  other 
articles  of  stationery,  or  gifts  of  any  description  whatsoever,  to 
brokers  or  brokers'  employees,  directly  or  indirectly,  win  be  re- 
garded as  a  rebate  and  in  violation  of  the  rules  and  treated  ac- 
cordingly. A.  C.  12-12-00. 

The  ruling  prohibiting  the  making  of  gifts  of  any  description 
to  brokers,  is  modified  to  exempt  Calendars  and  Blotters  from  the 
operation  of  such  ruling,  providing  that  such  Calendars 
and  Blotters  do  not  contain  any  matter  advertising  the  bro- 
ker. A.  C.  12-26-00. 

A  broker  may  place  insurance  with  non-Exchange  companies 
at  the  request  of  the  assured,  provided  he  does  not  receive  any 
brokerage  or  commission  or  any  compensation  whatsoever  there- 
for, and  provided  further  that  he  shall  file  with  the  Exchange 
within  the  time  allowed  under  his  Pledge  a  list  of  such  outside 
companies,  with  the  name  of  assured,  location  of  risk,  and  the 
amount  of  insurance  given  them,  together  with  a  statement  that 
such  insurance  has  been  placed  in  an  outside  company  at  request 
of  the  assured,  and  that  he  (the  broker)  has  received  and  is  to  re- 
ceive no  brokerage  or  commission  or  any  compensation  whatsoever 
therefor.  A.  C.  7-25-00. 

If  a  policy  is  Issued  covering  store  and  dwelling  risk  with  war- 
ranty attached  and  subsequently  a  request  is  made  to  remove  the 
Store  and  Dwelling  Warranty  for  the  reason  that  merchandise  is 
then  contained  above  first  floor,  the  company  must  cancel  the 
policy  pro  rata  and  re-write  to  expiration,  and  commission  upon 
such  re-written  policy  shall  not  exceed  that  which  under  the  rules 
is  permitted  to  be  paid  on  risks  other  than  those  which  may  be 
written  by  Branch  Managers,  viz :  15  per  cent.  A.  C.  3-12-02. 

From  and  after  twelve  o'clock  noon  of  May  28th,  1902,  if  any 
automatic  sprinkler,  automatic  fire  alarm  or  any  other  fire  ex- 
tinguishing, fire  signaling  or  any  other  appliance  or  improvement 
whatever  installed  in  or  appertaining  to  any  risk  be  owned  or 
installed  at  the  whole  or  partial,  direct  or  indirect,  expense  of 
any  person,  firm  or  corporation  holding  a  Broker's  Certificate 
from  this  Exchange,  it  shall  be  deemed  a  rebate  and  a  violation 
of  the  Broker's  Pledge.  5-28-02. 

When  a  Broker  fails  to  renew  his  Certificate  in  season,  thereby 
causing  his  name  to  be  withdrawn  from  the  list,  and  subse- 


GENERAL     RULES     AND     RATES.  48 

quently  within  six  months  asks  for  a  renewal,  such  renewal  shall 
not  be  granted  unless,  in  addition  to  the  regular  charge  for  a  Certifi- 
cate, the  sum  of  $3.00  is  paid  to  cover  cost  of  withdrawing  and 
re-instating  such  Broker's  name.  4-9-02. 

BUILDINGS  IN  COURSE  OF  CONSTRUCTION. 

Annual  rates  to  apply  continuously  until  building  is  occupied 
and  rated. 

Fire-proof  buildings  in  course  of  construction,  .30 
Brick  buildings  in  course  of  construction,  .50 

Frame  buildings  in  course  of  construction,       .70 
Piers  in  course  of  construction,         -        -         1.00 

Buildings  in  course  of  construction,  without  regard  to  ulti- 
mate use  or  occupancy,  must  be  written  at  the  minimum  rate 
charged  for  buildings  in  course  of  construction  unless  specifically 
rated.  Such  risks  may  only  be  written  at  the  head  office  of  a 
member,  and  only  for  a  term  not  to  exceed  one  year  and  the 
Unoccupancy  Warranty  is  required.  Exception  may  be  made  on 
buildings  Branch  Offices  are  allowed  to  write  when  completed, 
the  intended  occupation  thereof  to  be  expressed  in  the  policy,  as 
follows : 

"  On building  while  in  course  of  construc- 
tion or  while  occupied  for  (here  insert  occupancy 

which  must  be  of  a  class  Branch  Managers  are  permitted  to 
write)." 

When  written  under  this  form  the  Unoccupancy  Warranty 
need  not  be  attached  to  policy. 

Note  carefully  the  following  requirements  for  policies  in  or  on 

buildings  in  course  of  construction,  whether  rated  specifically  or 
under  general  minimums. 

1.  Unoccupancy  Warranty  required. 

2.  Policies  covering  buildings  or  contents  must  not  be  written 
for  more  than  one  year. 

3.  Privilege  for  occupancy  must  be  granted  only  subject  to 
specific  rate  and  with  application  for  same. 

Unoccupancy  Warranty :— Warranted  by  the  assured  that  the 
building  hereby  insured  is  unoccupied,  and  that  when  occupied  in 
whole  or  in  part,  this  Company  is  to  be  notified  and  rate  ad- 
justed ;  unless  so  notified  and  endorsed  hereon  this  policy  shall  be 
void. 

Policies  written  for  a  term  of  years  on  a  building  in  course  of 
construction  "with  privilege  to  complete"  are  a  violation  of  the 
rule  limiting  Builders'  Risks  to  one  year. 


GENERAL     RULES     AND     RATES.  49 

Public  School  Buildings  or  additions  to  old  public  school  build- 
ings in  the  City  of  New  York,  being  required  by  law  to  be  fire- 
proof, may  be  written  while  in  course  of  construction  at  30 
cents.  4-8-97. 

The  following  or  similar  endorsement  may  not  be  made,  viz : 
"Builders'  Risk  granted  until  notified  to  discontinue  when  charge, 
if  any,  will  be  made."  A  definite  time  must  be  stated  for  Build* 
ers'  Risks  not  to  exceed  one  year.  6-24-99. 

In  the  case  of  policies  covering  contractors  on  public  school  build- 
ings in  course  of  construction  where  the  City  declines  to  accept 
such  policies  unless  the  Un occupancy  Warranty  is  stricken  out, 
the  rate  charged  must  be  that  required  under  the  minimums  for 
school  houses  plus  the  charge  for  Builders'  Risk.       R.  C.  4-30-02. 

Buildings  in  course  of  construction  constitute  a  class  by  them- 
selves no  matter  what  occupancy  they  may  be  designed  for,  and 
such  buildings  may  not  be  otherwise  classified  until  they  are  com- 
pleted and  ready  for  occupancy,  when  they  may  be  written, 
subject  to  rules,  at  proper  specific  rates  or  under  general  mini- 
mums.  A.  C.  2-3-02. 

The  rates  to  be  charged  on  policies  covering  buildings  in  course 
of  construction  must  be  those  named  above,  and  no  other  rates 
may  be  charged  no  matter  what  the  occupancy  of  the  buildings  is 
to  be  or  what  warranty  may  be  contained  in  policies  as  to  such 
future  occupancy.  A.  C.  1-28-02. 

Buildings  in  course  of  construction  intended  for  occupancy  as 
dwellings  or  as  stores  with  exclusively  dwellings  above  must  be 
written  as  in  course  of  construction  at  the  rate  applying  to  them 
as  such,  and  for  a  term  not  exceeding  one  year. 

Policies  covering  dwellings  or  stores  with  excl  usively  dwellings 
above  must  not  be  written  with  "permission  to  complete"  or  any 
words  to  that  effect.  Until  completed,  a  building  is  considered  as 
in  course  of  construction  and  must  be  so  written. 

Privilege  for  Ordinary  Alterations  and  Repairs  may  be  at- 
tached to  policies  covering  dwellings  or  buildings  occupied  above 
the  grade  floor  exclusively  as  dwellings  without  extra  charge  if 
the  form  of  privilege  used  is  exactly  as  set  forth  on  page  62  of 
Hand  Book,  but  any  other  form  must  be  charged  for. 

When  Buildings  in  Course  of  Construction  are  of  a  class  per- 
mitted to  be  written  by  Branch  Managers  (that  is,  intended  for 
an  occupancy  which  would  permit  Branch  Managers  to  write 
them  at  completion)  they  may  be  written  by  Branch  Offices,  but 
they  must  be  written  as  in  course  of  construction  and  the  policies 

must  be  in  the  following  form :   "On building 

while  in  course  of  construction  or  while  occupied  for  " 


GENERAL     RULES     AND     RAIES.  50 

BUILDING   RATES. 

All  buildings  in  entire  Metropolitan  District  not  rated  by  gen- 
eral minimum  or  specific  rate,  contents  of  same  being  rated 
(whether  by  Specific,  Minimum,  Class  of  Hazards  or  Dry  Goods 
District  rate),  are  rated  as  follows:  Brick  buildings,  40%  of 
highest  contents  rate;  but  in  risks  written  under  general  mini- 
mum stocks  marked  in  the  list  of  general  minimums  with  a  star 
shall  not  operate  to  rate  the  building  containing  them  higher 
than  24  cents.  No  building  under  this  rule  shall  rate  below  20 
cents.  Frame  buildings  rate  same  as  lowest  contents  except 
as  stated  on  pages  109  and  110  of  Hand  Book  when  they  take 
rate  of  highest  contents.  5-29-95. 

Where  in  the  list  of  minimums  a  special  minimum  rate  is  men- 
tioned for  building  (as  in  the  case  of  hospitals,  schools,  lodging 
houses,  etc.)  the  same  applies  only  to  brick  buildings,  and,  unless 
otherwise  specified,  frame  or  brick  and  frame  buildings  in  such 
cases  take  the  same  rate  as  contents.  5-29-95. 

Where  a  frame  building  occupied  as  store  on  the  first  floor 
and  dwellings  above  has  a  small  frame  extension  adjoining  and 
communicating  which  is  occupied  as  a  business  stable  (not  a 
private  family  stable),  the  rate  on  such  building  and  contents 
must  be  that  of  the  stable ;  that  is  to  say,  1.50.  A  specific  rate 
will  be  issued  upon  such  risks  upon  application  to  the  Man- 
ager. 8-4-99. 

Policies  covering  in  the  Dry  Goods  District,  written  on  con- 
tents under  classes  of  hazards  or  on  buildings  under  the  general 
rule  of  40  per  cent,  of  highest  contents  rate,  must  not  contain  any 
privilege  for  occupancy  which  would  permit  under  any  circumstances 
a  higher  hazard  than  that  upon  which  the  rate  is  based.    6-1-96. 

Where  a  brick  dwelling  or  store  and  dwelling  has  a  frame 
extension  or  addition,  such  building  must  be  classed  as  brick  and 
frame  and  must  take  the  rate  for  frame.  R.  C.  7-20-01. 

The  presence  of  a  frame  veranda,  or  stoop,  or  porch,  or  bulk- 
head door,  in  connection  with  a  brick  building  does  not  operate 
to  class  that  building  as  brick  and  frame.  5-5-02. 

If  policies  covering  buildings  are  written  to  include  liability  for 
loss  occasioned  by  the  operation  of  ordinances  or  laws  requiring  the 
replacement  of  entire  buildings  in  case  of  fire  damage  exceeding  a 
given  percentage  of  value  the  rate  on  such  buildings  shall  be  double 
that  which  is  shown  on  rate  cards,  if  risk  is  specifically  rated,  or 
double  that  required  under  general  minimums  or  rules  if  risk  is  not 
specifically  rated.  1-8-02. 


GENERAL  EULES  AND  RATES.  51 

BUILDERS    RISK;    EXTRAORDINARY  ALTERATIONS 
AND   REPAIRS. 

Any  privilege  for  alterations  or  repairs  except  that  given  under 
the  head  of  Mechanics  Privilege,  Ordinary  Alterations  and  Re- 
pairs, and  that  given  in  the  body  of  the  policy,  shall  be  charged 
on  buildings  of  ordinary  construction  and  on  their  contents  25 
cents,  and  on  buildings  of  fire-proof  construction  and  on  their 
contents  15  cents,  or  the  short  rates  thereof.  No  Builders  Risk 
may  be  granted  for  a  term  longer  than  one  year. 

The  builders  risk  charge  for  fire-proof  risks  may  be  made  only 
where  the  risk  has  been  promulgated  as  in  the  fire-proof  class. 

A  definite  time,  not  to  exceed  one  year,  must  be  stated  for 
Builders  Risks.  6-24-99. 

The  fifteen  days  Builders  Risk  allowed  by  the  Standard  Policy 
requires  no  charge. 

The  charge  for  Builders  Risk  is  net,  and  subject  to  no  deduc- 
tion or  allowance  of  any  kind.  R.  C.  9-10-02. 

Charge  must  be  made  for  the  full  term  of  endorsement,  unless 
endorsement  distinctly  states  that  the  fifteen  days  allowed  by 
the  Standard  Policy  is  included  in  the  term  thereof. 

Specific  permission  for  the  construction  or  reconstruction  of  an 
elevator  shaft  so  as  to  conform  to  the  Building  Laws  may  be 
allowed  without  charge. 

The  Short  Rate  Rules  set  forth  in  Hand  Book  apply  to  all  short 
rate  business,  including  Builders  Risk,  and  it  is  a  violation  to 
allow  renewals  of  builders  permits  for  such  extra  premium  as 
would  represent  the  difference  between  the  original  term  and 
that  which  might  have  been  charged  for  had  the  permit  been 
taken  out  for  the  total  time  covered.  R.  C.  10-4-99. 

For  Mechanics  Privilege;  Ordinary  Alterations  and  Repairs,  see 
page  62. 

CALCIUM  CARBIDE. 

Not  more  than  100  pounds  of  calcium  carbide  may  be  per- 
mitted without  extra  charge  the  same  to  be  kept  according 
to  law  and  in  water-proof  metallic  cans  holding  not  more  than 
2  pounds  each.  3-15-00. 


CERTIFICATES  UNDER  OPEN  ENTRY  POLICIES. 

The  appointment  by  members  of  persons  to  countersign  certifi- 
cates in  their  behalf  under  existing  policies  is  not  a  violation 
provided  no  compensation  is  paid  for  such  service  and  no  new 


GENERAL     RULES     AND     RATES.  5fc 

insurance  is  made,  and  provided  only  the  following  form  of  Cer- 
tificate is  used ;  viz.: 
No 

$ New  York 

This  certifies  that ha Insurance  by  the 

Insurance  Company  of under  Policy 

No Entry  No to  the  amount  of 

Dollars  on 

terminating day  of at  noon. 

Loss,  if  any,  in  conformity  with  the  conditions  of  said  policy, 

to  be  adjusted  with and  payable  to. only 

on  presentation  of  and  surrender  of  this  Certificate.    A.  C.  3-20-99. 

CHANGES  OF  OCCUPANCY,  CONSTRUCTION  OR 
HAZARD. 

Whenever  application  is  made  for  an  endorsement  to  policies 
on  buildings  or  any  contents  of  any  risk  already  specifically  rated 
permitting  any  occupancy  or  change  in  occupancy,  hazard  or 
construction,  or  whenever  insurance  is  accepted  on  any  new 
building  erected  on  the  lot,  or  on  any  new  tenant  in  such  risk,  not 
yet  specifically  rated,  or  any  new  tenant  (not  yet  specifically 
rated)  in  a  building  which  is  specifically  rated  as  unoccupied,  the 
member  granting  such  endorsement,  permit  or  insurance,  shall 
apply  immediately  to  the  Manager  for  a  revision  of  rate.  Mean- 
time, he  shall  not  issue  the  endorsement,  permit  or  policy,  but 
may  hold  the  same  bound  subject  to  the  revised  rate.  If  no  re- 
vised rate  is  issued  within  fourteen  days  from  date  of  application 
the  member  may  proceed  to  issue  his  policy  under  existing  rules. 

This  rule  shall  not  apply  to  risks  written  under  General  Mini- 
mums. 

The  above  does  not  apply  to  risks  where  no  specific  rate  exists 
covering  any  risk  past  or  present  on  the  lot. 

The  purpose  of  the  rule  is  to  prevent  the  gradual  lapse  of 
specifically  rated  risks  back  into  the  minimum  class,  on  account  of 
changes  which  have  not  come  to  the  notice  of  the  Manager's 
office. 

A  clause  reading :  "  This  policy  shall  not  be  invalidated  by  any 
act  or  neglect  of  any  tenant,  or  sub-tenant,  or  occupant,  or  by 
the  occupation  of  the  premises  for  purposes  more  hazardous  than 
permitted  by  this  policy,  or  by  the  erection  or  occupation  of 
adjacent  buildings  "  is  in  violation.  R.  C.  2-8-99. 

Reductions  in  rate  must  in  no  case  be  dated  back  of  the  date  of 
the  card  promulgating  the  reduced  rate.  2-1-96. 


GENERAL     RULES     AND     RATES.  53 


In  cases  where  cards  in  cabinets  may  be  found  to  be  incorrect,  by 

reason  of  change  since  cards  were  issued  or  otherwise,  such  cases 
must  be  reported  to  the  Manager  and  new  rates  made  as  promptly 
as  possible,  and  policies  shall  not  be  issued  in  such  cases  until  new 
rates  shall  have  been  made.  4-28-99.  ' 

As  to  proper  adjustment  of  rates  in  case  of  endorsement  for 
changes  in  occupation,  communication  or  otherwise  on  policies 
that  were  issued  prior  to  the  organization  of  the  Exchange  at  rates 
below  the  present  Exchange  rates,  if  the  changes  of  occupation, 
communication  or  otherwise  call  for  an  increased  rate  according 
to  present  rules,  an  additional  charge  for  the  unexpired  time  of 
the  insurance  must  be  made,  to  at  least  the  extent  of  such  increase 
of  rate,  based  upon  the  annual  rates.  5-19-99. 

When  an  application  is  made  to  rate  a  risk  requiring  a  pass 
from  some  source  before  examination  thereof  can  be  made  such 
pass  must  be  sent  in  with  the  letter  making  application  for  the 
rate,  and,  failing  such  enclosure  of  a  pass,  the  fourteen  days'  time 
within  which  a  rate  must  be  promulgated  under  the  rules,  shall 
not  begin  to  run  until  such  pass  is  furnished.  K.  C.  9-21-99. 

The  following  clause  is  a  violation  in  that  it  permits  an  increase 
of  hazard  without  notice,  viz.: 

"Should  any  more  hazardous  occupation  occur,  this  policy 
shall  continue  to  cover,  and  the  rate  of  premium  to  be  fixed  shall  be 
paid  from  the  date  any  increase  of  hazard  takes  effect."  R.  C.  3-12-00. 

Where  privilege  is  asked  for  to  open  new  communications  with 
adjoining  buildings,  such  request  must  be  referred  to  the 
Manager's  office  for  readjustment  of  rate,  and  failure  so  to 
do  is  in  violation  of  rule  under  "Communicating  Buildings,"  on 
page  54.  5-14-00. 

When  binders  are  issued  on  rated  risks,  such  binders  must  be  at 
the  rates  in  cabinets,  and  the  issuance  of  such  binders  at  less  than 
tariff  rate  will  be  regarded  as  a  violation.  A.  C.  6-1-00. 

Where  rate  cards  as  published  in  cabinet  cover  buildings  and/ or 
contents  at  certain  street  numbers  named  on  rate  card  the  highest 
of  such  contents  rates  is  to  be  understood  as  applying  also  to  any 
property  contained  in  yards  or  otherwise  located  outside  of  the 
buildings  designated  by  such  street  numbers  unless  a  specific  rate 
on  such  outside  property  is  shown  on  the  card.  R.  C.  2-9-01. 

When  an  application  is  accepted  for  insurance  and  a  new  rate 
on  the  risk  comes  out  on  the  same  day,  the  policy  must  be  written 
at  the  rate  named  on  the  new  card.  2-3-02. 

A  clause  reading:  "It  is  understood  and  agreed  that  this  in- 
surance is  not  prejudiced  by  change  of  interest  subsequent  to  the 
date  of  this  policy"  is  contrary  to  the  rules  and  will  be  considered 
a  violation.  A.  C.  5-24-02. 


GENERAL     RULES     AND     RATES.  54 

CIGAR  FACTORIES  AND  CIGAR  STORES. 

In  buildings  occupied  as  stores  on  the  first  floor  and  the  upper 
part  by  tenants  as  dwellings  and  for  the  manufacture  of  cigars, 
commonly  called  tenement  house  cigar  factories,  such  tenant  dwell- 
ings should  not  be  rated  as  cigar  manufactories,  and  the  same 
are  not  considered  as  dwellings  above  the  first  floor,  but  should 
take  the  rate  for  stock  of  cigars,  75  cents. 

Buildings  occupied  as  cigar  stores  on  the  first  floor  and  for  the 
manufacture  of  cigars  on  the  upper  floors,  and  where  the  hands 
do  not  reside,  no  matter  what  number  of  hands  are  employed, 
take  the  minimum  for  cigar  factories.  12-19-96. 

Cigar  store  with  not  over  ten  hands  making  cigars,  if  entirely 
dwelling  above  the  grade  floor  and  so  warranted  in  the  policy, 
takes  the  rate  for  stock  of  cigars. 

COMMISSIONS  AND  PROFITS. 

To  take  same  rates  as  merchandise.  4-11-99. 

In  policies  insuring  on  merchandise  under  usual  form,  the 
following  clause  is  prohibited,  viz:  "Including  commissions  there- 
on." 5-16-95. 

No  allowance  may  be  made  for  100  per  cent.  Average 
Clause.  R.  C.  4-26-00. 

COMMUNICATING  BUILDINGS. 

Where  buildings  adjoin  or  communicate  through  walls  or 
bridges,  unless  separated  by  a  secure  brick  or  stone  wall  and  all 
openings  protected  with  fire  doors  or  fire  shntters,  as  required  by 
the  specifications  of  the  New  York  Board  of  Fire  Underwriters 
(which  are  accepted  as  a  standard),  the  higher  rate  on  either 
side  of  the  wall  shall  prevail. 

In  cases  where  privilege  is  asked  for  to  communicate  with 
adjoining  buildings,  such  request  shall  be  referred  to  Manager's 
Office  for  re-adjustment  of  rate,  and  to  make  an  additional 
charge  if  necessary. 

Blanket  policies  may  be  written  covering  on  and/or  in  two  or 
more  communicating  buildings  having  approved  fire  doors  at  all 
communicating  openings,  at  the  highest  rate,  with  the  80  per 
cent.  Average  Clause  and  the  Standard  Distribution  Clause,  and 
10  per  cent,  allowance  may  be  made  for  100  per  cent.  Average 
in  such  cases. 

The  intention  of  this  rule  is  that  the  introduction  of  approved 
fire  doors  should  not  prejudice  a  risk  in  any  way.  It  is,  therefore, 
held  that  even  where  fire  doors  separating  two  or  more  communi- 


GENERAL     RULES     AND     RATES.  55 


eating  buildings  are  not  approved,  blanket  policies  written  cover- 
ing in  or  on  such  buildings  if  written  with  the  80  Per  Cent.  Average 
Clause,  require  the  Distribution  Clause  just  as  in  the  case  where  the 
doors  are  approved ;  that  is  to  say,  the  Distribution  Clause  is  re- 
quired where  blanket  policies  are  written  with  the  80  Per  Cent. 
Average  Clause  and  covering  in  two  or  more  communicating 
buildings  separated  by  fire  doors,  whether  the  latter  are  approved 
or  not  approved.  But  policies  written  with  the  100  Per  Cent. 
Average  Clause  do  not  require  the  Distribution  Clause  in  any  case, 
even  where  covering  in  or  on  two  or  more  communicating  build- 
ings, whether  separated  by  approved  or  non-approved  fire  doors. 

Where  privilege  is  asked  lor  to  open  new  communications  with 
adjoining  buildings  such  request  must  be  referred  to  Manager's 
Office  for  re-adjustment  of  rate.  5-14-00. 

A  clause  giving  "Privilege  to  communicate  with  adjoining 
buildings"  or  any  similarly  worded  clause  which  in  effect  grants 
permission  to  make  communications  other  than  those  existing  at  the 
time  the  rate  was  made,  is  in  violation.  R.  C.  12-31-01. 

COMPETITIVE  RATES. 

No  rate  on  a  so-called  competitive  basis  disregarding  schedules 
or  other  rules  of  the  Exchange  shall  be  made  or  promulgated  un- 
less approved  by  a  90  per  cent,  vote  of  the  members  present  and 
voting  at  a  regular  meeting  or  a  meeting  specially  called. 

In  all  cases  where  competitive  rates,  made  without  reference 
to  existing  schedules  or  rules  of  the  Exchange,  are  reported  to 
that  body  for  its  consideration,  the  fact  that  such  rates  are  com- 
petitive rates  shall  be  stated  at  the  meeting  at  which  the  vote  is 
taken.  3-20-01. 

CONSEQUENTIAL  LOSS  IN  COLD  STORAGE  STORES. 

Policies  written  on  risks  involving  cold  storage  hazard  (other 
than  breweries)  may  be  written  at  the  Exchange  rate  if  the  Con- 
sequential Loss  Exclusion  Clause  is  attached  as  follows : 

"This  Company  shall  not  be  liable  under  this  policy  for  loss 
occasioned  through  partial  or  total  disablement  of  any  refrigerat- 
ing plant  or  by  interruption  of  connection  therewith,  whether 
such  disablement  or  interruption  is  caused  by  fire  or  otherwise." 

Double  the  Exchange  rate  shall  be  charged  on  policies  written 
on  risks  (other  than  breweries)  involving  cold  storage  hazard  if 
written  without  the  above  clause  being  attached.  6-21-00. 

The  Consequential  Loss  Exclusion  Clause  must  be  attached 
to  policies  covering  goods  on  cold  storage  in  Hudson  River 
Stores.  R.  C.  5-24-00. 


GENERAL  RULES  AND  RATES.  56 

The  Consequential  Loss  Exclusion  Clause  must  be  attached  not 
only  to  policies  covering  in  cold  storage  stores  but  to  all  policies 
on  risks  (other  than  breweries)  involving  cold  storage  hazard.  9-24-00. 


CONTINGENT  LIABILITY. 

If  Policies  covering  buildings  are  written  to  include  liability 
for  loss  occasioned  by  the  operation  of  ordinances  or  laws  re- 
quiring the  replacement  of  entire  buildings  in  case  of  fire  damage 
exceeding  a  given  percentage  of  value,  the  rate  on  such  buildings 
shall  be  double  that  which  is  shown  on  rate  cards,  if  risk  is  specifi- 
cally rated,  or  double  that  required  under  general  minimums  or 
rules  if  risk  is  not  specifically  rated.  1-8-02. 


DRY  GOODS   DISTRICT  BOUNDARIES. 

Bounded :  On  the  South  by  Duane  Street,  from  Elm  Street  to 
West  Broadway,  including  both  sides  of  said  street.  On  the  East 
by  Elm  Street  and  Marion  Street  to  Prince  Street  through  to 
Crosby  Street  to  Bleecker  Street,  taking  only  the  West  side  of 
of  Elm  and  Marion  Streets,  but  both  sides  of  Crosby  Street.  On 
the  North  by  Bleecker  Street  from  Crosby  Street  to  West  Broad- 
way, including  both  sides  of  said  street.  On  the  West  by  West 
Broadway  to  Duane  Street,  and  including  both  sides  of  said 
street. 


FIRE-PROOF  AND  SUPERIOR  CONSTRUCTION. 

Allowance  of  25  per  cent,  for  contents  of  buildings  of  superior 
construction,  and  40  per  cent,  for  contents  of  buildings  of  fire- 
proof construction  may  be  made  by  the  Manager  or  Committee 
on  Rates,  but  not  by  members. 


FULL  CO-INSURANCE,  OR  100  PER  CENT.  AVERAGE. 

Discount  of  10  per  cent,  for  100  percent.  Average  may  be  allowed 
on  all  policies  except  floating  policies,  policies  covering  in  or  on 
two  or  more  buildings  not  communicating,  contents  of  public 
storage  stores  and  grain-elevators,  merchandise  on  or  contents 
of  piers,  rents,  and  manufacturing  jewelers'  stocks  in  fire-proof 
safes. 

No  allowance  for  100  per  cent.  Average  other  than  as  stated 
under  General  Minimums  is  permissible  on  merchandise  consisting 
exclusively  of  Block  Tin,  Brass  in  pigs,  Copper  in  ingots,  cakes 
and  bars,  Crude  Rubber,  Iron  in  bars  or  pigs,  Lead  in  pigs, 
Mercury  in  flasks,  and  Spelter,  or  for  Contents  in  Fire-proof  Safes. 


GENERAL     RULES     AND     RATES.  5? 

The  100  per  cent.  Average  Clause  on  a  policy  covering  house- 
hold furniture  in  use  in  living  apartments  does  not  entitle  such 
policy  to  any  reduction  for  same.  4-18-99. 

The  100  per  cent.  Average  Clause  is  required  on  Building  Policy 
covering  premises  occupied  as  a  power  house  and  electric  light 
station  with  form  including  "electric  apparatus,  dynamos,  engines, 
boilers  and  connections."  7-25-99. 

When  a  policy  blankets  merchandise  and  furniture  and  fixtures  the 
100  per  cent.  Average  Clause  is  required  and  the  usual  allowance 
of  10  per  cent,  can  be  made  therefor.  R.  C.  4-15-02. 

Policies  covering  contents  of  buildings  formerly  known  and 
rated  as  "Private  Storage  Stores,"  and  "Private  Dry  Goods 
Storage  Stores"  are  now  rated  under  the  Mercantile  Schedule  as 
mercantile  risks,  and  may  have  allowance  for  100  per  cent.  Average 
Clause.  R.  C.  4-30-02. 

The  rates  of  this  Exchange  being  based  upon  the  carrying  of  in- 
surance equal  to  at  least  80%  of  the  value  of  the  property  insured, 
any  exclusion  in  the  policy  form  of  any  portion  of  the  property  rated, 
except  foundations  below  the  level  of  the  ground,  amounts  to  an 
unauthorized  reduction  of  rate  and  is  a  violation.    R.  C.  10-28-02. 

FOUNDATIONS. 

Foundations  below  the  level  of  the  ground  may  be  excluded 
from  policy ;  but  not  being  so  excluded,  cannot  be  relieved  from 
the  operation  of  the  Average  Clause.  2-20-96. 

Clauses  excluding  Foundations  from  the  operation  of  Average 
Clause  must  refer  to  "foundations  below  the  level  of  the  ground," 
and  no  change  in  such  wording  is  permissible.  10-3-01. 

FURNITURE  AND  FIXTURES. 

Furniture  and  Fixtures  (except  where  otherwise  specified  in 
General  Minimum  Rates)  rate  same  as  contents,  and  are  subject 
to  same  deductions  as  contents  policy.  11-2-92. 

General  Minimums  rate  not  only  stocks  of  merchandise,  but 
also  all  property  connected  with  the  same.  This  prohibits  the 
writing  of  furniture  and  fixtures  at  a  rate  lower  than  contents 
rate.  11-2-92. 

When  a  policy  on  Furniture  and  Fixtures  is  so  worded  as  to 
make  it  cover  dynamos  or  electrical  apparatus  of  any  description 
(whether  exciters,  lamps,  motors,  switches  or  any  other  appa- 
ratus for  generating,  utilizing,  testing,  regulating  or  distributing 
electricity)  the  dynamo  clause  set  forth  on  page  81  of  Hand  Book 
must  be  attached  to  policies.    It  is  not  necessary  that  the  electrical 


GENERAL     RULES     AND     RATES.  58 

apparatus  shall  be  mentioned  in  specific  terms,  the  clause  in 
question  being  required  to  be  attached  if  the  wording  of  the  policy 
is  such  as  to  cover  dynamos  or  electrical  apparatus  of  any  descrip- 
tion whatever.  R.  C.  4-7-02. 

GRADE  FLOOR  AND  BASEMENT. 

All  policies  taking  advantage  of  a  reduced  rate  on  account  oi 
goods  being  entirely  in  grade  floor  and  basement,  must  contain  in 
the  form  a  stipulation  that  this  is  the  only  portion  of  the  building 
in  which  they  cover.  11-2-92. 

HOUSEHOLD   FURNITURE. 

Household  furniture  in  use  in  living  apartments  belonging  to 
tenants  in  dwellings  or  apartment  houses  does  not  require  the  80 
per  cent.  Average  Clause.  2-28-96. 

The  100  per  cent.  Average  Clause  on  a  policy  covering  house- 
hold furniture  in  living  apartments  does  not  permit  of  any  reduc- 
tion for  same.  4-18-99. 

It  is  not  permissible  to  allow  for  100  per  cent.  Average  on 
policies  covering  in  household  furniture  storage  warehouses.  10-21-99. 

Household  Furniture  in  any  Storage  Warehouse  may  not  be 
written  for  more  than  one  year  except  at  full  annual  rates  for 
each  year.  6-24-99. 

Where  the  card  does  not  mention  household  furniture,  and 
names  no  general  rate  for  other  contents,  household  furniture 
takes  the  rate  of  the  highest  rated  contents.  2-28-96. 

Where  the  card  does  not  mention  household  furniture  by 
name,  but  does  name  a  general  rate  for  other  contents,  household 
furniture  takes  such  general  rate  for  other  contents.  2-28-96. 

The  rule  making  rate  for  household  furniture  50  per  cent,  of 
highest  contents,  applies  only  to  risks  rated  under  general  mini- 
mum, and  not  to  specifically  rated  risks.  2-28-96. 

Hotel  Furniture  may  not  be  written  for  three  years  at  two  and 
one-half  annual  premiums.  11-10-99. 

Household  furniture  in  hotels  belonging  to  guests  may  be 
written  at  2%  times  the  annual  rate.  A.  C.  4-15-02. 

Household  Furniture  in  Hotels,  whether  property  of  landlord  or 
guest,  is  subject  to  80  per  cent.  Average  Clause.  Also  the  usual 
allowance  may  be  made  upon  such  risks  for  100  per  cent. 
Average.  R.  C.  11-10-99. 

If  a  dwelling-house  building  form  includes  "shades,  mats, 
carpets,  and  other  floor  coverings,"  or  other  items  of  personal 
property  properly  insurable  as  contents  of  such  dwelling,  the  entire 


GENERAL     RULES     AND     RATES.  59 

policy  must  take  the  highest  contents  rate  instead  of  the  usual 
building  rate.  R.  C.  2-13-00. 

Tn  transferring  policies  covering  household  furniture  it  is  not 
necessary  to  advance  same  to  new  rates  adopted  July  11th,  1900, 
unless  the  rate  in  new  location  on  basis  of  new  rates  is  higher 
than  the  rate  in  old  location  on  same  basis,  in  which  case  the  dif- 
ference in  rate  is  to  be  charged  for.  A.  C.  8-11-00. 

A  policy  covering  Household  Furniture  may  be  transferred  to 
cover  in  a  storage  warehouse  at  the  pro  rata  charge  of  the 
difference  in  rate  for  the  time  that  the  policy  covers  in  the  ware- 
house. A.  C.  4-15-02. 

In  transferring  policies  on  Household  Furniture  to  cover  in 
risks  coming  under  the  rates  for  Flat  Houses  it  is  not  necessary  to 
charge  additional  premium  unless  the  rate  in  new  location  on 
basis  of  new  rates  is  higher  than  the  rate  in  old  location  on 
same  basis,  in  which  case  the  difference  of  rate  must  be  charged 
for.  450-02. 

IMPROVEMENTS  TO  BUILDINGS. 

Where  "improvements  to  buildings"  are  written  separately 
from  the  insurance  upon  the  building  they  must  take  the  rate  of 
the  contents. 

If  improvements  to  building  are  written  to  cover  throughout 
the  entire  building,  the  highest  contents  rate  in  such  building  shall 
be  used ;  but  if  written  specifically  on  any  floor,  the  highest  con- 
tents rate  applying  to  that  floor  shall  be  used.  R.  C.  4-7-02. 

LEASES. 

To  take  same  rate  and  rules  as  building.  Same  commission 
as  the  building.  80%  Average  Clause  required.  No  allowance 
permitted  for  100%  Average  Clause. 

If  policy  specifies  so  much  reduction  per  month  extinguishing 
itself  by  the  end  of  the  entire  term,  rate  may  be  pro  rata,  so  that 
for  example  a  three  year  policy  would  be  charged  two  annual 
rates.  5-25-96. 

If  policies  on  Leasehold  or  Use  and  Occupancy  are  made  to 
blanket  Household  Furniture  or  similar  personal  property  they 
must  take  same  rate  as  Contents.  8-21-99. 

LISTED  STORAGE  STORES. 

Non-fibre,  Fibre,  and  General  Order,  Stores  include  stores  under 
the  supervision  of  the  New  York  Board  of  Fire  Underwriters, 
which  are  regularly  inspected  and  published  in  book  entitled 
"  List  of  Storage  Stores  in  the  Metropolitan  District." 


GENERAL  RULES  AND  RATES.  60 

Where  a  non-fibre  store  is  between  and  adjoining  two  fibre 
stores,  separated  from  either  by  a  wall  without  openings,  the 
rate  on  the  non-fibre  store  shall  be  70  per  cent,  of  the  rate  of 
the  fibre  stores. 

Where  a  non-fibre  store  adjoins  on  one  side  only  a  fibre  store 
separated  from  same  by  wall  as  above,  rate  on  the  non-fibre  shall 
be  55  per  cent,  of  the  rate  of  the  fibre  store. 

Where  fibre  and  non-fibre  stores  communicate,  even  if  by 
approved  fire  doors,  the  rate  of  the  non-fibre  shall  be  the  same 
as  that  of  the  fibre  store. 

Listed  non-fibre  storage  stores  not  exposed  on  either  side  by  a 
fibre  store  are  rated  under  Mercantile  Schedule  with  a  special 
allowance  for  occupancy,  resulting  in  a  building  rate  as  well  as  in 
a  base  rate  for  merchandise.  These  rates  are  promulgated  on 
cards  in  cabinet,  and  the  final  rates  for  specific  kinds  of  merchan- 
dise contained  in  such  storage  stores  are  obtained  by  adding  to 
the  base  rate  named  the  charge  shown  in  "Alphabetical  List  of 
Merchandise  in  Public  Warehouses,"  which  list  is  published  sepa- 
rately from  this  Hand  Book.  If  it  is  not  desired  to  write  mer- 
chandise under  a  "Specific  Form"  it  may  be  written  under  one 
of  the  forms  named  below  at  the  charge  indicated. 

"Merchandise  General;"  add  to  the  Base  Rate  of  warehouse 
100  cents. 

"Merchandise  Form  A;"  add  to  the  Base  Bate  of  warehouse 
40  cents. 

"Merchandise  Form  B ;"  add  to  the  Base  Rate  of  warehouse 
25  cents. 

All  these  forms  are  printed  on  watermarked  paper  by  the  Ex- 
change, and  none  other  than  those  so  printed  are  permitted  to 
be  used. 

No  allowance  may  be  made  on  contents  of  listed  storage 
stores  for  100%  Average  Clause. 

Allowance  of  10%  or  10c.  as  the  case  may  be,  may  be  made  for 
automatic  fire  alarm  on  policies  covering  listed  non-fibre  storage 
stores,  building  or  contents,  when  so  stated  on  rate  cards. 

A  policy  written  to  cover  in  a  warehouse,  whether  private  or 
public,  may  not  be  cancelled  pro  rata  at  request  of  the  assured  and 
re-written  at  short  rates  on  the  same  merchandise  but  under  a 
different  name.  R.  C.  11-6-01. 

Where  a  Listed  Storage  Store  has  cold  storage  and  is  equipped 
with  electric  lights  under  permission  from  the  New  York  Board 
of  Fire  Underwriters  the  Electric  Light  Clause  need  not  be  attached 
to  policies  covering  contents.  R.  C.  6-16-02. 


GENERAL     RULES     AND     RATES.  61 

LONG  ISLAND  CITY  DWELLINGS. 

Bids.        H.  h.  f. 
Brick  dwellings,  either  detached  or  in  row 20  .24 

Frame  dwellings,  detached  25  feet  or  more 30  .30 

Frame  dwellings,  detached  less  than  25  feet,  or 

two  or  three  together 40  .40 

Detached  private  stables,  brick  or  frame,  build- 
ing and  contents .30 

Brick,  not  detached,  no  increase  for  frame  in  row. 

In  frame  rows  of  three  or  more  buildings  adjoining  or  de- 
tached less  than  3  feet,  add  to  the  detached  rate  of  each  frame 
dwelling  or  frame  private  stable,  and  to  contents  5  cents  for  each 
additional  frame  dwelling  or  frame  private  stable  in  the  row, 
and  10  cents  for  each  frame  store  and  dwelling  or  other  frame 
risk  in  the  row.  3-10-96. 

LONG  ISLAND  CITY  STORES  WITH  EXCLUSIVELY 
DWELLINGS  ABOVE  GRADE  FLOOR. 

Min.  for 
Bldg.       H.  h.  f.      Stock. 

Brick  store  and  dwelling,  either  detached 

or  in  row 25  .35  .50 

Frame  store  and  dwelling,  detached  25  Bldg.  All  Con. 

feet  or  more .50  .60 

Frame  store  and  dwelling,  detached  less 

than  25  feet,  or  two  or  three  together.  .70  .80 

In  frame  rows  of  three  or  more  frame  buildings  adjoining,  or 
detached  less  than  3  feet,  add  to  the  detached  rate  of  each  frame 
store  and  dwelling,  or  other  frame  risk,  and  to  their  contents,  5 
cents  for  each  frame  dwelling  or  frame  private  stable  in  the  row, 
and  10  cents  for  each  additional  frame  store  and  dwelling  or 
other  frame  risk  in  the  row. 

Eighty  per  cent.  Average  Clause  required,  except  on  household 
furniture  in  use  in  living  apartments.  Term  rates  (regular 
Exchange  rule),  and  all  Exchange  rules  to  apply.  12-26-95. 

Any  building,  whether  brick  or  frame,  within  twenty-five  feet 
of  a  risk  brings  such  risk  within  the  rates  prescribed  above  for 
"frame  dwellings  or  frame  stores  and  dwellings  detached  less 
than  twenty-five  feet. '  ■  3-23-01. 

General  Minimum  Rates  as  printed  in  Hand  Book  shall  apply  to 

Stocks  in  Long  Island  City  Stores  with  exclusively  dwellings 
above  grade  floor,  except  in  cases  where  such  rates  are  less  than  the 
minimums  required  above  when  the  latter  shall  apply.  R.  C.  10-12-00. 


GENERAL     BULES     AND     BATES.  62 

MACHINERY  AT  BUILDING  RATES. 

Machinery  pertaining  to  the  service  of  the  building  or  the 
furnishing  of  power  therein,  if  the  property  of  the  owner  of  the 
building,  may  be  insured  with  the  building  at  the  building  rate ; 
but  no  manufacturing  machine  or  apparatus  shall  be  included  in 
the  above.  7-31-95. 

MARKET  PRICE. 

The  use  of  the  following  or  any  similar  clause  is  prohibited : 
"It  is  a  further  condition  of  this  insurance  that  in  estimating 
any  loss  on  said  merchandise,  the  current  market  price  shall  be 
considered  the  actual  or  sound  value."  5-16-95. 

A  clause  reading:  "It  is  understood  and  agreed  that  in  case 
of  loss  under  this  policy,  the  amount  for  which  this  company 
shall  be  liable  is  limited  to  the  invoice  cost  to  the  Branch,  plus  freight 
charges  actually  incurred,  but  subject  to  a  suitable  allowance  for 
depreciation,  if  any  depreciation  is  shown  to  exist,"  is  in  viola- 
tion. R.  C.  5-6-01. 

MECHANICS  OR  WORKINGMENS  TOOLS 

Are  exempted  from  the  Ratings  and  Rules  in  Wood-workers  and 
other  establishments,  insurance  on  same  not  to  exceed  1200,  and 
no  other  insurance  to  be  permitted. 

They  may  not  be  written  at  Branch  Offices.  R.  C.  10-4-99. 

MECHANICS    PRIVILEGEj    ORDINARY  ALTERATIONS 
AND  REPAIRS. 

The  following  privilege  may  be  allowed  without  charge : 

"Permission  for  mechanics  to  be  employed  for  ordinary  alter- 
ations and  repairs  in  the  within  described  premises,  but  this  shall 
not  be  held  to  include  the  constructing  or  reconstructing  of  the 
building  or  buildings,  or  additions,  or  the  enlargement  of  the 
premises."  Any  other  form  most  be  charged  for  on  all  classes  of 
buildings  or  hazards. 

The  15  days  Mechanics  Privilege  allowed  by  the  Standard  Policy 
requires  no  charge. 

The  insertion  of  the  words  "without  limit  of  time"  in  the 
above  clause  after  the  words  "within  described  premises "  is  held 
to  be  allowable  if  desired— inasmuch  as  the  meaning  of  the  clause 
is  not  thereby  changed.  11-19-96. 

For  Builders  Risk;  Extraordinary  Alterations  and  Repairs,  see 
page  51. 


GENERAL  RULES  AND  RATES.  63 

ORDER  IN  WHICH  DEDUCTIONS  SHALL  BE  MADE. 

Deductions  from  rates  as  promulgated,  if  permissible,  must  be 
made  in  the  following  order : 

1.  Allowance  for  Sole  Occupancy. 

2.  Allowance  for  Automatic  Fire  Alarm. 

3.  Allowance  for  100  Per  Cent.  Average  Clause. 

4.  Allowance  for  Automatic  Sprinklers.  54-99. 

PRIVATE  WAREHOUSES. 

Private  Warehouses  shall  be  understood  to  be  such  as  are 
occupied  exclusively  by  the  assured  for  the  storage  of  the  as- 
sured's  own  merchandise  in  original  packages,  including  mer- 
chandise held  on  commission,  or  sold  but  not  delivered ;  in  which 
no  cotton  or  fibre  is  stored;  in  which  the  general  business  of 
trading  is  not  carried  on ;  in  which  no  work  is  done  except  occa- 
sionally breaking  packages,  packing,  repacking,  sampling  and 
sorting  piece  goods  and  strapping  boxes ;  in  which  no  lights  are 
permitted  unless  contained  in  enclosed  locked  lanterns  containing 
candles  or  lamps  filled  with  lard,  sperm,  whale,  or  signal  oil ;  in 
which  no  fire  or  steam  heat  is  used  other  than  in  the  office  of  the 
storekeeper,  and  for  hoisting ;  and  in  which  smoking  is  not  per- 
mitted on  the  premises ;  and  an  allowance  in  rate  on  such  risks 
may  be  made  if  a  warranty  based  upon  the  maintenance  of  the 
conditions  stated  is  filed  with  the  Manager.  6-14-02. 

Private  Warehouses  being  rated  under  the  Mercantile  Schedule 
as  mercantile  risks,  policies  covering  merchandise  therein  may 
have  allowance  for  100  per  cent.  Average  Clause.  R.  C.  4-30-02. 

A  policy  written  to  cover  in  a  warehouse,  whether  private  or 
public,  may  not  be  cancelled  pro  rata  at  request  of  the  assured  and 
re-written  at  short  rates  on  the  same  merchandise  but  under  a 
different  name.  R.  C.  11-6-01. 

RAILROAD  PROPERTY. 

All  property  of  Railroad  Companies  insured  under  general 
schedule,  also  re-insurance  of  surplus  of  line  of  any  item  of  such 
schedule  is  exempt  from  rules  and  rates.  12-16-96. 

This  rule  applies  only  to  steam  railroads  carrying  freight  and 
passengers,  and  does  not  apply  to  any  elevated  or  trolley 
road  located  wholly  or  in  part  within  the  jurisdiction  of  this 
Exchange.  6-21-00. 

Schedule  specifically  covering  boats  and  similar  floating  equip- 
ment of  a  railroad  within  the  territory  of  this  Exchange,  is  subject 
in  all  respects  to  tariff  rates  and  rules. 


GENERAL    EULES     AND    BATES.  64 

RAINES  LAW  HOTELS. 

A  Raines  Law  Hotel  in  which  the  occupancy  above  grade 
floor  is  only  nominally  and  not  actually  that  of  a  hotel  is  not 
subject  to  specific  rate  and  may  be  written  at  the  minimum  for 
Stores  and  Dwellings,  provided  the  Store  and  Dwelling  Warranty 
is  attached  to  policies  without  any  qualification  whatever,  such 
as  "Privilege  to  be  occupied  as  Raines  Law  Hotel,"  etc.  If  any 
clause  or  privilege  is  added  which  in  any  way  restricts  or  defines 
the  Store  and  Dwelling  Warranty  the  risk  is  taken  out  of  the 
Store  and  Dwelling  class  and  becomes  subject  to  the  following 
rates,  if  not  specifically  rated,  viz. :  If  brick,.  Contents  of  Saloon, 
60c,  Household  Furniture,  30c,  Building,  24c;  if  Frame,  Building 
and  All  Contents,  75c 

When  a  Raines  Law  Hotel  is  specifically  rated  there  is  no 
exemption  from  such  specific  rate  for  the  attachment  of  the  Store 
and  Dwelling  Warranty.  Card  rates  must  be  charged,  and  no 
changes  in  occupancy  can  be  recognized  until  published  on  rate 
cards. 

REDUCTION   OF  RATE. 

A  policy  that  has  been  written  and  gone  into  effect  may  have 
the  rate  reduced  thereon  in  case  that  a  new  lower  rate  card  is 
put  in  the  cabinet,  provided  such  new  lower  rate  is  the  result  of 
a  change  of  hazard,  and  such  change  may  be  taken  for  granted 
in  the  case  of  cards  issued  after  the  date  of  this  ruling  unless  the 
card  has  printed  thereon  the  words  "Reduction  of  Rate  Without 
Change  of  Hazard  "  (see  agreement  Section  15).  7-12-99. 

REMOVAL  OF  DEBRIS. 

If  policies  cover  cost  of  removal  of  debris  a  specific  amount 
must  be  named  thereon  and  ten  times  the  building  rate  charged 
therefor.  8-8-00. 

RENTS. 

Shall  take  same  rate  as  building,  less  25  per  cent,  for  full 
annual  rent  clause,  which  is  to  be  attached  in  all  cases.  Ex- 
change clause  only  to  be  used. 

No  allowance  for  100  per  cent.  Average  Clause.  Same  rules  and 
commissions  as  the  building. 

Policies  covering  liability  for  rent  of  piers  and  bulkheads  are 
not  rent  insurance,  and  must  be  written  at  the  full  rate  of 
structure.  R.  C.  1-10-03. 

Pew  Rents  may  be  written  at  the  rates  provided  for  by  rule 
relating  to  Rents.  R.  C.  12-7-01. 

For  Rent  Clause  see  page  86. 


GENERAL     BULES     AND     BATES.  65 

SHORT   RATES. 

All  insurances  for  a  term  less  than  a  year  shall  be  charged  ac- 
cording to  the  scale  for  periods  less  than  one  year,  but  such 
insurance  may  be  once  renewed  for  the  ratio  of  the  premium 
required  for  the  term  for  which  the  original  policy  or  last  renewal 
was  made,  provided  the  renewal  is  made  within  ten  days  from 
the  expiration  of  the  policy,  and,  provided  the  last  preceding 
term  was  one  year,  or  a  term  charged  for  according  to  the  scale 
of  insurance  for  less  than  a  year. 

All  insurances  for  a  term  less  than  one  month  shall  be  charged 
for  the  portion  of  a  month,  according  to  the  short  rate  scale;  but 
in  no  case  shall  this  clause  be  so  construed  as  to  conflict  with  the 
following  clause  relating  to  cancellations,  viz. : 

A  policy  may  be  cancelled  at  any  time  at  the  request  of  the 
assured,  in  which  case  the  Company  shall  retain  the  customary 
short  rate  for  the  term  the  policy  has  been  in  force;  but  in  all 
cases  except  that  of  policies  on  contents  of  listed  storage  stores 
(also  grain  elevators)  written  for  a  month  or  more,  fractional 
parts  of  a  month  shall  be  charged  the  full  month's  premium ;  no 
return  to  be  made  on  a  policy  written  for  a  period  less  than  one 
month. 

The  intention  of  the  above  is  ruled  to  be  as  follows,  viz.: 
Policies  on  contents  of  listed  storage  stores  may  be  cancelled  for 
less  than  one  month  at  short  rates  for  the  fractional  part  of  a 
month;  but  if  both  written  and  carried  for  more  than  one 
month,  fractional  parts  of  a  month  may  not  be  allowed  for  in 
cancellations.  6-1-95. 

These  rules  apply  to  all  short  rate  business  including  Builders 
Risk.  R.  C.  10-4-99. 

In  order  to  secure  uniformity  of  practice  in  computing  short 
rate  of  any  rate  not  mentioned  in  the  Uniform  Short  Rate  Table 
if  the  resulting  short  rate  contains  a  fraction  less  than  one-half 
such  fraction  shall  be  dropped,  but  if  the  result  contains  a  fraction 
equal  to  or  exceeding  one-half  then  the  rate  shall  include  the  next 
higher  unit  figure.  R.  C.  8-30-97. 

Where  a  premium  calculated  at  proper  tariff  rate  results  in  a 
fractional  part  of  a  cent,  if  such  fraction  is  less  than  %  cent  it 
shall  be  dropped  from  the  premium,  but  if  equal  to  or  exceeding  3^ 
cent  a  full  cent  shall  be  added  to  the  premium.  A.  C.  2-21-00. 

An  increase  in  the  amount  of  insurance  under  a  policy  covering 
a  risk  other  than  those  permitted  to  be  written  by  Branch  Offices  must 
be  at  the  short  rate  called  for  by  the  rules  for  the  time  for  which 
the  increase  is  made.  R  C.  9-24-00. 


GENERAL     RULES     AND     RATES.  66 

Short  Kate  Tables  are  to  be  used  when  cancelling  policies  as  well 
as  when  writing  short  term  insurance,  and  such  cancellations  must 
be  based  upon  the  premium  earned  at  the  short  rate  shown  in 
tables,  and  must  not  be  calculated  at  a  percentage  of  the  premium 
shown  in  policy.  The  use  in  cancelling  policies  of  any  other 
scale  of  charges  than  those  given  in  Short  Rate  Tables  is  a 
violation.  11-20-00. 

Failure  on  the  part  of  a  member  to  charge  for  an  endorsement 

calling  for  the  payment  of  an  extra  premium  will  be  regarded  as  a 
rebate  and  a  violation  and  dealt  with  accordingly.     A.  C.  12-3-00. 

A  policy  written  to  cover  in  a  warehouse,  whether  private  or 
public,  may  not  be  cancelled  pro  rata  at  request  of  the  assured  and 
re-written  at  short  rates  on  the  same  merchandise  but  under  a 
different  name.  R.  C.  11-6-01. 

Pro  rata  renewals  may  not  be  made  on  Term  Policies,  such  re- 
newals being  permissible  only  on  annual  policies  or  on  policies 
issued  at  proper  short  rates  for  a  term  less  than  a  year,  and  in  no 
case  are  such  renewals  allowable  unless  made  within  10  days 
from  expiration  of  the  policy.  R.  C.  11-6-01. 

In  re-instating  a  policy  after  a  fire  to  the  original  amount  same 
may  be  done  at  pro  rata  rates,  it  being  understood  that  such  re- 
instatement is  subject  to  the  rates  then  in  cabinet.     R.  C.  9-23-02. 


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OF  THE 


GENERAL     RULES     AND     RATES. 


68 


SHORT  RATE  TABLE  FOR  TERM  POLICIES. 


THE  FOLLOWING  TABLE  MUST  BE   USED: 


Time  the  Policy  has 

If  written 

If   written 

If  written 

If  written 

been  in  Force, 

for 

for 

for 

for 

Compute  from  date 

Two  Years 

Three  Years 

Four  Years 

Five  Years 

of  Policy 

retain 

retain 

retain 

retain 

1  month 

13  p.  ct. 

10  p.  Ct. 

8  p.  ct. 

7  p.  ct. 

2  months 

20  p.  ct. 

17  p.  Ct. 

12  p.  ct. 

11  p.  ct. 

3  months 

25  p.  ct. 

20  p.  Ct. 

16  p.  ct. 

15  p.  ct. 

4  months 

30  p.  ct. 

23  p.  ct. 

20  p.  ct. 

18  p.  ct. 

5  months 

35  p.  ct. 

27  p.  ct. 

23  p.  ct. 

20  p.  ct. 

6  months 

40  p.  ct. 

30  p.  ct. 

26  p.  ct. 

22  p.  ct. 

7  months 

45  p.  ct. 

33  p.  ct. 

28  p.  ct. 

24  p.  ct. 

8  months 

50  p.  ct. 

37  p.  ct. 

30  p.  ct. 

26  p.  ct. 

9  months 

55  p.  ct. 

40  p.  ct. 

33  p.  ct. 

28  p.  ct. 

10  months 

60  p.  ct. 

43  p.  ct. 

36  p.  ct. 

30  p.  ct. 

11  months 

65  p.  ct. 

47  p.  ct. 

38  p.  ct. 

32  p.  ct. 

12  months 

70  p.  ct. 

50  p.  ct. 

40  p.  ct. 

34  p.  ct. 

13  months 

72  p.  ct. 

53  p.  ct. 

43  p.  ct. 

36  p.  ct. 

14  months 

75  p.  ct. 

57  p.  ct. 

46  p.  ct. 

38  p.  ct. 

15  months 

77  p.  ct. 

60  p.  ct. 

48  p.  ct. 

40  p.  ct. 

16  months 

80  p.  ct. 

63  p.  ct. 

50  p.  ct. 

42  p.  ct. 

17  months 

82  p.  ct. 

67  p.  ct. 

53  p.  ct. 

44  p.  ct. 

18  months 

85  p.  ct. 

70  p.  ct. 

56  p.  ct. 

46  p.  ct. 

19  months 

87  p.  ct. 

72  p.  ct. 

58  p.  ct. 

48  p.  ct. 

20  months 

90  p.  ct. 

73  p.  ct. 

60  p.  ct. 

50  p.  ct. 

21  months 

92  p.  ct. 

75  p.  ct. 

63  p.  ct. 

52  p.  ct. 

22  months 

95  p.  ct. 

77  p.  ct. 

66  p.  ct. 

54  p.  ct. 

23  months 

97  p.  ct. 

79  p.  ct. 

68  p.  ct. 

56  p.  ct. 

24  months 

100  p.  ct. 

80  p.  ct. 

70  p.  ct. 

58  p.  ct. 

25  months 

81  p.  ct. 

72  p.  ct. 

60  p.  ct. 

26  months 

83  p.  ct. 

73  p.  ct. 

62  p.  ct. 

27  months 

85  p.  ct. 

86  p.  ct. 

74  p.  ct. 

75  p.  ct. 

64  p.  ct. 
66  p.  ct. 

28  months 

29  months 

88  p.  ct. 
90  p.  ct. 

77  p.  ct. 

78  p.  ct. 

68  p.  ct. 
70  p.  ct. 

30  months 

NO  OTHER  TABLE  TO  BE  USED. 


(over) 


GENERAL     RULES     AND     RATES. 


69 


SHORT  RATE  TABLE  FOR  TERM  POLICIES.— (Continued.) 


Time  the  Policy  has 

been  in  Force. 

Compute  from  date 

of  Policy 


If  written 

for 

Two  Years 

retain 


If  written 

for 

Three  Years 

retain 


If  written 

for 

Four  Years 

retain 


If   written 

for 

Five  Years 

retain 


31  months 

32  months 

33  months 

34  months 

35  months 

36  months 

37  months 

38  months 

39  months 

40  months 

41  months 

42  months 

43  months 

44  months 

45  months 

46  months 

47  months 

48  months 

49  months 

50  months 

51  months 

52  months 

53  months 

54  months 

55  months 

56  months 

57  months 

58  months 

59  months 

60  months 


91  p.  ct. 
93  p.  ct. 

95  p.  ct. 

96  p.  ct. 
98  p.  ct. 

100  p.  ct. 


79  p.  ct. 

80  p.  ct. 

82  p.  ct. 

83  p.  ct. 

84  p.  ct. 

85  p.  ct. 

87  p.  ct. 

88  p.  ct. 

89  p.  ct. 

90  p.  ct. 

92  p.  ct. 

93  p.  ct. 

94  p.  ct. 

95  p.  ct. 

97  p.  ct. 

98  p.  ct. 

99  p.  ct. 
100  p.  ct. 


71  p.  ct. 

72  p.  ct. 

73  p.  ct. 

74  p.  ct. 

75  p.  ct. 

76  p.  ct. 

77  p.  ct. 

78  p.  ct. 

79  p.  ct. 

80  p.  ct. 

81  p.  ct. 

82  p.  ct. 

83  p.  ct. 

84  p.  ct. 

85  p.  ct. 

86  p.  ct, 

87  p.  ct. 

88  p.  ct. 

89  p.  ct. 

90  p.  ct. 

91  p.  ct. 

92  p.  ct. 

93  p.  ct. 

94  p.  ct. 

95  p.  ct. 

96  p.  ct. 

97  p.  ct. 

98  p.  ct. 

99  p.  ct. 
100  p.  ct. 


NO  OTHER  TABLE  TO  BE  USED. 


5-21-96. 


GENBBAL  RULES  AND  BATES.  70 

SOLE  OCCUPANCY. 

In  risks  not  specifically  rated,  but  written  under  General  Mini- 
mum Rates,  sole  occupancy  allowance  is  permitted  only  on  the 
stock  of  a  sole  occupant  having  a  +  prefixed  for  that  occupancy 
in  the  list  of  General  Minimum  Rates. 

Sole  occupancy  allowance  applies  only  in  and  on  buildings 
occupied  throughout  by  one  occupant,  for  one  business,  and  such 
allowance  may  not  be  made  where  the  assured  carries  on  a  busi- 
ness on  the  grade  floor  and  occupies  all  the  floors  above  the 
grade  for  his  own  dwelling.  R.  C.  2-9-01. 

Sole  Occupancy  Warranty  is  required  and  shall  read  as  follows : 
"Warranted  by  the  assured  that  the  building  herein  described 
is  occupied  exclusively  by  one  tenant."  2-4-02. 


STORES  AND  DWELLINGS. 

Buildings  (and  their  contents)  occupied  as  bakeries,  other 
than  retail,  furniture  stores,  hay  and  straw  dealers,  junk 
stores,  oil  and  petroleum  stores,  oiled  clothing  stores,  painters 
supply  stores  and /or  painter  other  than  jobbing  painter 
not  keeping  supplies,  photograph  galleries,  printers,  rags, 
waste  and  paper  stock  dealers,  upholsterers,  mattress  makers, 
and  woodworkers,  are  subject  to  specific  rating  and  are  not  of 
the  class  of  stores  and  dwellings  permitted  to  be  written  by 
Branch  Offices  under  Section  18,  paragraph  (f),  and  the  com- 
mission allowable  on  such  risks  shall  not  exceed  15  per 
cent.  A.  C.  12-22-02. 

A  jobbing  painter  with  usual  supplies  of  paint,  benzine,  etc.,  in 
a  building  occupied  above  grade  floor  for  dwelling  purposes  ex- 
clusively takes  risk  out  of  the  store  and  dwelling  class  and 
renders  the  same  subject  to  specific  rate.  If  the  said  painter  keeps 
only  his  ladders  and  scaffolds  and  a  few  paint  pots  of  the  day's 
use,  but  no  supplies,  the  risk  is  not  subject  to  specific  rate. 

The  presence  in  a  store  and  dwelling  risk  of  a  confectioner  using 
a  gas  engine  does  not  take  such  risk  out  of  the  store  and  dwelling 
class.  R.  C.  3-10-02. 

The  stipulation  required  by  the  rule  regarding  dwelling  occu- 
pancy above  grade  floor  must  take  the  form  of  a  warranty  as 
follows:  "Warranted  by  the  assured  that  the  within  described 
building  is  occupied  exclusively  for  dwellings  above  the  first  or 
grade  floor."  24-02. 

In  buildings  formerly  high  stoop  dwellings,  the  floor  formerly 
the  parlor  floor  is  the  second  floor.    In  buildings  formerly  English 


GENERAL     RULES     AND     RATES.  71 

basement  dwellings,  the  floor  formerly  having  the  main  entrance 
is  the  grade  floor. 

In  a  High  Stoop  risk  the  number  of  steps  leading  to  the  parlor 
floor  exceed  the  number  of  steps  leading  to  the  basement,  while 
in  an  English  basement  risk  the  number  of  steps  leading  to  the  parlor 
floor  are  less  than  those  leading  to  the  basement.     R.  C.  11-6-01. 

Where  dressmaking  and/or  millinery  are  carried  on  with  not  more 
than  five  hands  in  living  apartments  of  buildings  otherwise 
occupied  exclusively  as  dwellings  and/or  as  stores  with  exclu- 
sively dwellings  above  grade  floor  such  limited  occupancy  shall 
not  affect  the  rate,  providing  there  is  no  salesroom  in  connection 
with  the  business  named;  and  the  usual  commission  payable 
upon  dwellings  or  stores  with  exclusively  dwellings  above  may 
be  allowed  upon  policies  covering  such  limited  occupancy.  12-26-00. 

If  a  policy  is  issued  covering  store  and  dwelling  risk  with 
warranty  attached  and  subsequently  a  request  is  made  to  remove 
the  Store  and  Dwelling  Warranty  for  the  reason  that  merchandise 
is  then  contained  above  first  floor,  the  company  must  cancel  the 
policy  pro  rata  and  re-write  to  expiration,  and  the  commission 
upon  such  re- written  policy  shall  not  exceed  that  which,  under  the 
rules,  is  permitted  to  be  paid  on  risks  other  than  those  which  may 
be  written  by  Branch  Managers,  viz.:  15  per  cent.     A.  C.  3-12-02. 

If  a  policy  is  issued  covering  store  and  dwelling  risk  with 
warranty  attached  and  subsequently  a  request  is  made  to  permit 
occupancy  of  the  store  for  hand  power  printer,  carpenter,  paint 
store  or  other  business  that  would  take  the  risk  out  of  the  class  that 
Branch  Managers  are  permitted  to  write,  the  Company  must 
cancel  the  policy  pro  rata  and  re-write  to  expiration  and  com- 
mission upon  such  re-written  policy  shall  not  exceed  that  which, 
under  the  rules,  is  permitted  to  be  paid  on  risks  other  than 
those  which  may  be  written  at  Branch  Offices,  viz.:  15  per 
cent.  R.  C.  12-16-02. 

TERM  POLICIES. 

Annual  rate  the  first  year,  and  75  per  cent,  of  the  annual  rate 
for  each  subsequent  year.  Any  period  more  than  one  year  makes 
a  term  policy. 

No  policy  shall  be  written  on  contents  of  any  rated  building- 
occupied  for  mercantile  or  manufacturing  purposes  for  any  longer 
period  than  one  year  at  less  than  pro  rata  of  the  annual  rate 
applying  thereto,  except  that  household,  store  and  office  furni- 
ture and  fixtures  in  use,  wherever  contained,  may  be  subject 
to  rule  governing  the  insurance  of  building  for  a  term  of 
years.  1-21-97. 


GENERAL     RULES     AND     RATES.  72 

Pro  rata  renewals  may  not  be  made  on  Term  Policies,  such  re- 
newals being  permissible  only  on  annual  policies  or  on  policies 
issued  at  proper  short  rates  for  a  term  less  than  a  year,  and  in  no 
case  are  such  renewals  allowable  unless  made  within  10  days 
from  expiration  of  the  policy.  R.  C.  11-6-01. 

Policies  on  stocks  of  merchandise  or  other  contents  of  mercantile 
buildings  or  of  manufacturing  buildings  (other  than  household 
furniture  in  use  in  living  apartments),  if  written  for  more  than  one 
year  shall  be  on  the  basis  of  a  fifty  per  cent,  advance  on  existing 
yearly  rates,  unless  such  rates  have  been  computed  by  the  Exchange 
Mercantile  Schedule  and  so  stated  on  card  in  cabinet.        1-8-02. 


TRANSFERS. 

Policies  transferred  from  one  risk  to  another  must  pay  the 
rate  of  the  new  location,  and  the  proper  premium  if  higher  rate, 
must  be  charged  pro  rata. 

Re-instatement  of  a  policy  after  a  fire  to  the  original  amount 
is  new  insurance  and  may  be  done  at  pro  rata  rates  subject  to 
new  rate  if  any. 

Increase  of  line  is  also  new  insurance  and  is  subject  to  new  rate 
if  any. 

It  is  not  permissible  to  transfer  insurance  from  a  storage  ware- 
house private  or  public  to  the  assured's  place  of  business  in  the 
Dry  Goods  District,  or  elsewhere,  upon  payment  of  the  proper 
rate  in  the  new  location.  R.  c.  8-4-99. 

It  is  not  permissible  to  transfer  insurance  from  the  assured's 
place  of  business  to  cover  in  a  storage  warehouse  private  or 
public.  R.C.  8-21-99. 

In  transferring  Household  Furniture  or  Stocks  of  Merchandise 
to  a  new  location,  if  the  transfer  is  to  a  building  not  rated  higher 
than  the  former  building  is  rated  at  the  time  of  such  transfer  the 
same  may  be  made  without  extra  charge,  but  if  the  rate  at  the 
new  location  is  in  excess  of  the  present  rate  at  the  old  location 
additional  charge  must  be  made.  R.  C.  10-17-99. 

The  provisions  of  Section  16  of  Agreement  do  not  apply  to 
the  transfer  of  Personal  Household  Furniture  from  a  storage 
warehouse  to  a  dwelling.  A.  C.  6-1-00. 

In  case  of  an  increase  of  rate  under  a  policy  issued  at  Exchange 
rate  before  Jan.  10, 1900,  such  increase  shall  be  added  to  the  net  rate 
at  which  such  policy  was  issued.  A.  C.  3-1-00. 

In  transferring  policies  covering  household  furniture  it  is  not 
necessary  to  advance  same  to  new  rates  adopted  July  11th,  1900, 


GENERAL     RULES     AND     RATES.  ¥3 

unless  the  rate  in  new  location  on  basis  of  new  rates  is  higher 
than  the  rate  in  old  location  on  same  basis,  in  which  case  the 
difference  in  rate  is  to  be  charged  for.  A.  C.  8-11-00. 

A  policy  covering  household  furniture  may  be  transferred  to 
cover  in  a  storage  warehouse  at  the  pro  rata  charge  of  the 
difference  in  rate  for  the  time  that  the  policy  covers  in  the  ware- 
house. A.  C.  4-15-02. 

Tn  transferring  policies  on  household  furniture  to  cover  in 
risks  coming  under  the  rates  for  Flat  Houses  it  is  not  necessary  to 
charge  additional  premium  unless  the  rate  in  new  location 
on  basis  of  new  rates  is  higher  than  the  rate  in  old  location 
on  same  basis,  in  which  case  the  difference  of  rate  must  be 
charged  for.  4-30-02. 

UNOCCUPIED  BUILDINGS. 

Not  to  include  buildings  in  course  of  construction  or  dwell- 
ings.   Rate,  50  cents. 

The  following  warranty  is  required  for  buildings  insured  as 
unoccupied : 

"Warranted  by  the  assured  that  the  building  herein  insured  is 
unoccupied,  and  that  when  occupied  in  whole  or  in  part,  this 
Company  is  to  be  notified  and  rate  adjusted;  and  unless  so  notified 
and  endorsed  hereon  this  policy  shall  be  void."  2-4-02. 

The  Unoccupancy  Warranty  is  not  required  on  policies  cover- 
ing Apartment  Houses  in  course  of  construction  that  are  not 
subject  to  specific  rating,  but  policies  covering  on  Apartment 
Houses  which  come  under  the  ruling  of  the  Exchange  as  to  area 
and  height  must  have  the  Unoccupancy  Warranty  attached.  R.  C.  6-1-00. 

The  Unoccupancy  Warranty  is  not  required  on  policies  cov- 
ering a  building  in  course  of  construction,  if  same  at  completion 
is  to  be  of  a  class  that  a  Branch  Manager  may  write,  and  if  such 
policies  are  written  under  form  adopted  by  the  Exchange  July 
9th,  1902,  viz.:  "On  building  while  in  course  of  construction  or 
while  occupied  for "  2-24-03. 

The  Manager  will  upon  application  and  after  verification  by 
survey  re-rate  specifically  as  an  unoccupied  building  any  build- 
ing in  course  of  construction  that  is  completed  and  awaiting  tenant. 


UNSAFE  HEATING  APPARATUS. 

When  unsafe  heating  apparatus  is  found  in  a  risk,  a  charge 
therefor  is  made  in  the  rate,  which  charge  will  be  removed  if  the 
unsafe  conditions  are  remedied.    If  the  report  of  unsafe  condi- 


GENERAL     RULES     AND     RATES.  74 

tions  originates  with  the  New  York  Board  the  rate  card  in 
cabinet  gives  a  reference  to  the  Board  Slip  on  which  the  risk  was 
reported  to  members,  and  in  such  cases  the  Board  must  be  con- 
sulted as  to  how  the  faulty  conditions  may  be  remedied.  When 
no  reference  is  made  on  card  to  a  Board  Slip  the  charge  originates 
with  the  Exchange  and  this  office  should  be  consulted  as  to  a 
remedy. 

USE  AND  OCCUPANCY. 

To  take  same  rate  as  building.  6-20-96. 

Same  rules  and  commissions  as  the  building,  but  the  80  per  cent. 
Average  Clause  need  not  be  attached,  and  no  allowance  may  be 
made  for  the  100  per  cent.  Average  Clause.  10-30-96. 


WAIVER  CLAUSES  IN  VIOLATION. 

Clauses  or  phrases  waiving  in  general  terms  any  condition  of 
the  printed  policy  contract  are  ruled  against  when  they  permit 
the  establishment  of  a  hazard  greater  than  contemplated  by  rate 
in  cabinet  or  tend  to  cover  property  excluded  by  the  printed  con- 
ditions of  the  policy.  A  complete  list  of  such  objectionable 
clauses  is  impossible,  but  examples  of  some  are  as  follows : 

"Errors  and  omissions  in  description  of  the  property  shall  not 
prejudice  this  policy." 

"Errors  and  omissions  in  the  description  of  the  location  shall 
not  prejudice  this  policy." 

"  Errors  and  omissions  in  the  description  of  the  property  or 
location  of  the  property  shall  not  prejudice  this  policy." 

"Any  errors  in  the  description,  situation  or  location  of  any 
building  or  property  mentioned  in  this  schedule  shall  not  operate 
to  the  prejudice  of  the  assured." 

"And  all  articles  not  otherwise  enumerated." 

All  of  these  and  others  of  similar  purport  have  been  declared 
to  be  in  violation. 


WAREHOUSEMAN'S  POLICIES. 

Policies  covering  for  Warehouseman  on  Accrued  Charges  on 
property  in  his  storage  warehouse  (unless  rated  as  a  Listed 
Storage  Store  under  Exchange  Mercantile  Schedule,  or  as  a 
Furniture  Storage  Warehouse)  may  be  written  on  a  rent  basis, 
that  is,  building  rate  less  25  per  cent,  for  100  per  cent.  Average 
Clause.  12-2-96. 


GENERAL     RULES     AND     RATES.  75 

If  warehouse  is  rated  as  a  Listed  Storage  Store  under  Exchange 
Mercantile  Schedule,  rate  for  Accrued  Charges  is  obtained  by  adding 
35  cents  to  the  base  rate  shown  on  card.  S.  W.  C.  4-17-02. 

Accrued  Charges  in  Furniture  Storage  Warehouses  take  same 
rate  as  contents.  7-9-02. 

In  warehouses  rated  as  Listed  Storage  Stores  under  Exchange 
Mercantile  Schedule,  Warehouseman's  Error  and  Omission  Policies 
shall  take  a  rate  based  upon  a  charge  of  25c.  being  added  to  base 
rate  of  each  warehouse  covered,  it  being  understood  that  such 
policies  need  not  have  the  80  per  cent.  Average  Clause  attached, 
provided  that  a  specific  amount  attaches  within  each  warehouse 
or  building  covered.  If  a  blanket  form  is  used  rate  for  the  entire 
policy  must  be  that  of  the  highest  rated  risk  covered.  S.W.C.12-5-01. 

Policies  covering  Warehouseman's  Errors  and  Omissions  need 
not  have  the  80  per  cent.  Average  Clause  attached  provided  that 
a  specific  amount  attaches  within  each  warehouse  or  building 
covered.  A.  C.  1-3-00. 


CLAUSES,  PRIVILEGES,  AND  WARRANTIES. 


APARTMENT  HOUSE  THREE  PER  CENT.  LIMITATION 

CLAUSE. 

The  following  clause  may  be  attached  at  the  building  rate  to 
policies  on  buildings  occupied  for  apartment  houses: 

"Personal  property,  if  any,  belonging  exclusively  to  the 
assured  hereunder  and  in  actual  use  solely  for  the  furnishing  of 
said  premises,  viz.:  oil  cloths,  carpets,  and  matting  on  halls  and 
stairs,  window  shades  contained  therein,  also  awnings  attached 
to  said  building,  are  covered  hereunder  for  a  sum  not  exceeding 
three  per  cent,  of  the  amount  insured  under  this  policy."  6-19-96. 

The  Three  Per  Cent.  Limitation  Clause  may  be  attached  only 
to  policies  covering  buildings  occupied  for  Apartment  Houses, 
and  may  not  be  used  on  policies  covering  buildings  occupied  as 
dwellings  or  occupied  as  stores  and  dwellings,  unless  the  occu- 
pancy of  the  latter  above  grade  floor  is  for  an  apartment  house, 
as  defined  by  the  Arbitration  Committee,  viz.:  a  building  in  which 
apartments  are  rented  to  tenants  whose  housekeeping  is  con- 
ducted in  their  own  apartments  respectively. 

If  a  Dwelling  House  form  includes  "shades,  mats,  carpets,  and 
other  floor  coverings,"  or  other  items  of  personal  property 
properly  insurable  as  contents  of  such  dwelling,  the  entire  policy 
must  take  the  highest  contents  rate  instead  of  the  usual  building 
rate.  R.  a  2-ia-00. 

APPRAISALS  FOR  CO-INSURANCE. 

Whenever  a  property  owner  desires  to  insure  a  building  rated 
by  this  Exchange,  and  being  uncertain  as  to  the  amount  of  insur- 
ance which  it  is  necessary  to  take  in  order  to  comply  with  the 
provisions  of  the  Co-Insurance  or  Average  Clause,  he  may,  at  his 
own  expense,  procure  an  estimate  of  such  insurable  value  from 
one  or  more  of  the  Appraisers  elected  by  the  Exchange,  as  herein- 
after provided. 

76 


CLAUSES,    PRIVILEGES,   AND    WARRANTIES.  77 

> ■ — i — — — i 1 

Such  Appraisers  shall  be  residents  of  the  Metropolitan  District; 
they  shall  be  practical  builders  in  good  standing.  They  shall  in 
each  case  be  recommended  to  the  Exchange  in  writing  by  not  less 
than  five  (5)  of  its  members.  "When  so  recommended  they  shall 
first  be  approved  by  the  Executive  Committee,  and  when  so 
approved  their  names  shall  be  submitted  by  the  Manager,  by 
circular,  to  each  member,  not  less  than  one  week  prior  to  any 
regular  meeting,  and  when  action  is  taken  the  affirmative  vote  of 
80  per  cent,  of  those  present  and  voting  shall  be  necessary  to  an 
election. 

Any  Appraiser  elected  by  this  Exchange  who  shall  be  charged 
by  any  member  with  having  abused  the  trust  reposed  in  him, 
shall  on  the  motion  of  any  member,  after  one  week's  notice  has 
been  given  in  writing,  have  his  name  expunged  from  the  list  of 
Appraisers  by  a  majority  vote  of  the  Exchange  at  any  regular 
meeting. 

The  certificate  to  be  given  by  such  Appraiser  shall  read  as 
follows: 

Either,  No.  1.— I  hereby  certify  that  I  have  carefully  examined 

the story building  and  additions,  situate 

No Street,  and  occupied  for 

purposes,  and  after  taking  its  dimensions  and  figuring  upon  the 
present  cost  of  erecting  a  new  building  similar  in  size  and  con- 
struction to  that  now  existing,  and  making  a  proper  allowance 
for  depreciation,  I  am  of  opinion  that  the  present  value  of  same, 
including  permanent  fixtures,  but  excluding  cost  of  excavations 

and  foundations,  does  not  exceed  the  sum  of dollars 

(I )• 

N.  B.— A  round  sum  must  be  given. 

Or,  No.  2.— I  hereby  certify  that  I  have  carefully  examined  the 

story building  and  additions,  situate 

No Street,  and  occupied  for 

purposes,  and  after  taking  its  dimensions  and  figuring  upon  the 
present  cost  of  erecting  a  new  building  similar  in  size  and  con- 
struction to  that  now  existing,  and  making  a  proper  allowance 
for  depreciation,  I  am  of  opinion  that  the  present  value  of  same, 
including  permanent  fixtures,  but  excluding  cost  of  excavations, 
does  not  exceed  the  sum  of dollars  ($ ). 

N.  B.— A  round  sum  must  be  given. 

Upon  the  receipt  by  the  Manager  of  such  Certificate  from  an 
Appraiser  regularly  elected,  he  shall  present  same  to  the  Executive 
Committee  for  approval,  and  when  so  approved  he  shall  notify 
each  member  in  writing  that  such  certificate  has  been  filed  with 
him,  giving  the  name  of  the  Appraiser  and  the  amount  certified 
to,  and  upon  the  promulgation  of  such  certificate  (but  not  before) 
any  member  may  endorse  upon  his  policy  covering  such  building 
a  clause  which  shall  read  as  follows: 


CLAUSES,   PRIVILEGES,   AND   WARRANTIES.  78 

"Upon  the  Certificate  of (name  to  be  given) 

filed  with  the  New  York  Fire  Insurance  Exchange,  and 

dated 19. . . ,  it  is  hereby  agreed  that  the  maintaining  of 

insurance  of dollars  ($ )  on  the  building  described 

herein  (including)  (excluding)  excavations  and  foundations  is  a 
compliance  with  the  conditions  of  the  Average  Clause  hereto 
attached." 

The  amount  to  be  specified  in  the  foregoing  endorsement  shall 
be  not  less  than  80  per  cent,  of  the  sum  certified  to  by  the 
Appraiser,  if  the  80  per  cent,  clause  be  attached,  and  not  less  than 
the  full  sum  if  the  100  per  cent.  Average  Clause  is  used. 

In  the  event  of  two  or  more  certificates  applying  to  one  and 
the  same  building  being  filed  with  the  Manager  at  the  same  time 
by  different  Appraisers,  the  Executive  Committee  are  directed  to 
accept  that  which  shall  specify  the  larger  amount,  and  no  certifi- 
cate when  once  received,  approved,  and  promulgated,  shall  be 
changed,  except  by  a  majority  vote  of  the  Exchange  at  a  regular 
meeting. 

No  Appraiser's  certificate  shall  be  approved,  and  no  endorse- 
ment relating  thereto  shall  be  made  upon  the  policy,  except  in  the 
form  above  provided — verbatim  et  literatim.  2-20-96. 

APPRAISERS. 

Authorized  under  rule  relating  to  valuation  of  buildings  as  a 
basis  for  the  Average  Clause: 

Martin  H.  Berry,  60  Cliff  Street,  N.  Y. 

J.  W.  Clark,  86  Roosevelt  Street,  N.  Y. 

Marc  Eidlitz  &  Son,  489  Fifth  Avenue,  N.  Y. 

Henry  Hawkes,  46  Cedar  Street,  N.  Y. 

Philip  Herman's  Son,  227  West  13th  Street,  N.  Y. 

Henry  Miller,  342  West  55th  Street,  N.  Y.;  also  66  Maiden  Lane, 

N.  Y. 
John  D.  Miner,  150  Nassau  Street,  N.  Y. 
Joseph  Putzel,  41  Union  Square,  N.  Y. 
H.  W.  Rose,  301  West  59th  Street,  N.  Y. 

AUTOMATIC  FIRE  ALARM  CLAUSE. 

Required  on  all  policies  making  allowance  for  same : 
"The  entire  building  containing  the  property  hereby  insured, 
having  been  equipped  with  the  Automatic  Fire  Alarm  Signal 
Telegraph,  in  accordance  with  the  Rules  and  Regulations  of  the 
New  York  Board  of  Fire  Underwriters,  and  a  certificate  to  that 
effect  issued  by  authority  of  said  Board,  this  policy  is  issued  at  a 
reduced  rate  of  premium,  and  in  consideration  of  such  reduced 
rate,  it  is  hereby  made  a  condition  of  this  policy  that  the  assured 
shall  use  due  diligence  that  such  equipment  shall  continue  to  be 
maintained  during  the  full  term  of  this  insurance." 


CLAUSES,   PRIVILEGES,   AND   WARRANTIES.  79 

AUTOMATIC  SPRINKLER  CLAUSE. 

Required  on  all  policies  covering  risks  having  an  approved 
sprinkler  system: 

"It  is  hereby  made  a  condition  of  this  policy,  that  the  assured 
shall  use  due  diligence  to  maintain  in  full  "working  order  during 
the  term  of  this  insurance,  the  Automatic  Sprinkler  equipment 
now  in  use  and  approved  by  the  New  York  Board  of  Fire  Under- 
writers, and  that  no  change  shall  be  made  in  such  system  without 
the  approval  of  said  Board. 

"If  the  sprinkler  equipment  is  not  automatically  connected 
with  a  Central  Fire  Alarm  Station  and  approved  by  said  Board, 
the  assured  shall  maintain  a  watchman  during  all  hours  when 
the  premises  are  not  regularly  in  operation  and  when  closed." 

Where  rate  card  requires  a  warranty  for  steam  pump  members 
must  add  after  the  word  "Underwriters"  in  above  clause  the 
words  "and  also  steam  sufficient  to  operate  the  steam  pump 
connected  with  said  equipment." 

AUTOMOBILE  STORAGE  STABLES. 

Where  cards  covering  rates  in  automobile  storage  stables  call 
for  a  warranty  as  to  the  number  of  automobiles  to  be  stored,  or 
as  to  the  quantity  of  gasoline  permitted,  or  similar  requirements, 
such  warranty  shall  be  required  only  on  policies  covering  the 
owners  of  the  buildings  and  the  proprietors  of  such  storage 
stables. 

CLEAR  SPACE  WARRANTY. 

When  rate  card  in  Cabinet  calls  for  the  maintenance  of  a  clear 
space,  the  following  form  of  warranty  shall  be  used : 

"Warranted  by  the  assured  that  a  clear  space  of 

feet  shall  hereafter  be  maintained  between  the  property  hereby 
insured  and  any  woodworking  or  manufacturing  establishment 
or  dry  kiln,  and  that  said  space  shall  not  be  used  for  the  handling 
or  piling  of  lumber  thereon  for  temporary  purposes,  tramways, 
upon  which  lumber  is  not  piled,  alone  being  excepted ;  but  this 
shall  not  be  construed  to  prohibit  loading  or  unloading  within, 
or  the  transportation  of  lumber  and  timber  products  across  such 
clear  space;  it  being  specially  understood  and  agreed  by  the 
assured  that  any  violation  of  this  warranty  shall  render  this 
policy  null  and  void."  10-14-00. 

CONSEQUENTIAL  LOSS  EXCLUSION  CLAUSE  IN  COLD 
STORAGE  STORES. 

The  following  clause  shall  be  attached  to  policies  covering  on 
merchandise  in  cold  storage  stores  receiving  their  refrigeration 
from  a  central  plant  or  other  outside  source: 


CLAUSES,    PRIVILEGES,   AND    WARRANTIES.  80 

"This  Company  shall  not  be  liable  under  this  policy  for  loss 
occasioned  through  partial  or  total  disablement  of  any  refrig- 
erating plant  or  by  interruption  of  connection  therewith,  whether 
such  disablement  or  interruption  is  caused  by  fire  or  otherwise." 

Policies  written  on  risks  involving  cold  storage  hazard  (other 
than  breweries)  may  be  written  at  the  Exchange  rate  if  the  Con- 
sequential Loss  Exclusion  Clause  is  attached. 

In  the  case  of  cold  storage  stores  supplied  from  a  duplicate  refrig- 
erating plant,  the  Rate  Committee  may,  at  its  discretion,  authorize 
the  omission  of  the  Consequential  Loss  Exclusion  Clause,  such 
fact  being  stated  along  with  promulgations  of  the  rate.    6-14-00. 

Double  the  Exchange  rate  shall  be  charged  on  policies  written 
on  risks  (other  than  breweries)  involving  cold  storage  hazard  if 
written  without  the  above  clause  being  attached.  6-21-00. 

The  Consequential  Loss  Exclusion  Clause  must  be  attached 
not  only  to  policies  covering  in  cold  storage  stores  but  to  all 
policies  on  risks  (other  than  breweries)  involving  cold  storage 
hazard.  9-24-00. 

The  Consequential  Damage  Exclusion  Clause  must  be  attached 
to  policies  covering  goods  on  cold  storage  in  Hudson  River 
Stores.  R.  C.  5-24-00. 

DISTRIBUTION    CLAUSE. 

"It  is  understood  and  agreed  that  the  amount  insured  by  this 
policy  shall  attach  in  each  of  the  above-named  premises  in  that 
proportion  of  the  amount  hereby  insured  that  the  value  of  prop- 
erty covered  by  this  policy,  contained  in  each  of  said  places,  shall 
bear  to  the  value  of  such  property  contained  in  all  of  above-named 
premises." 

DWELLING  AND  FLAT  HOUSE  WARRANTIES. 

To  cover  the  distinction  between  "Dwellings"  and  "Flat 
Houses"  one  or  the  other  of  the  following  warranties  shall  be 
used: 

Dwelling  Warranty.  "Warranted  by  the  assured  that  the 
within  described  building  is  occupied  exclusively  for  dwelling  pur- 
poses by  not  more  than  two  families." 

Or  include  in  the  form  the  words:  "  While  occupied  exclusively 
for  dwelling  purposes  by  not  more  than  two  families." 

Flat  House  Warranty.  "Warranted  by  the  assured  that  the 
within  described  building  is  occupied  exclusively  for  dwelling 
purposes." 

Or  include  in  the  form  the  words:  "  While  occupied  exclusively 
for  dwelling  purposes." 

The  presence  of  boarders  in  a  dwelling  does  not  remove  such  risk 
from  the  dwelling  house  class.  6-3-02. 


CLAUSES,   PRIVILEGES,   AND   WARRANTIES.  81 

DYNAMO  CLAUSE. 

On  all  policies  covering  dynamos  or  other  electrical  apparatus 
mentioned  in  the  following  clause,  such  clause  must  be  attached: 

"This  insurance  shall  not  cover  any  loss  or  damage  to 
dynamos,  exciters,  lamps,  motors,  switches,  or  any  other  appa- 
ratus for  generating,  utilizing,  testing,  regulating  or  distribut- 
ing electricity,  caused  by  electric  current,  whether  artificial  or 
natural."  6-20-95. 

The  following  clause  may  be  used  in  Electric  Light  and  Power 
Stations  instead  of  the  regular  Dynamo  .clause,  but  one  or  the 
other  must  be  used : 

"This  insurance  shall  not  cover  any  loss  or  damage  to  dyna- 
mos, exciters,  lamps,  motors,  switches,  or  any  other  apparatus 
for  generating,  utilizing,  testing,  regulating  or  distributing 
electricity,  caused  by  electric  current,  whether  artificial  or  natural, 
where  the  cause  of  loss  or  damage  originates  within,  and  the  loss 
or  damage  is  confined  exclusively  to  said  dynamo,  exciter,  lamp, 
motor,  switch  or  other  apparatus  as  above  referred  to. "   5-21-96. 

A  building  policy  covering  premises  occupied  as  a  power  house 
and  electric  light  station  with  form  including  "electric  apparatus, 
dynamos,  engines,  boilers  and  connections,"  requires  the  100  per 
cent*.  Average  Clause.  7-25-99. 

When  a  policy  on  Furniture  and  Fixtures  is  so  worded  as  to 
make  it  cover  dynamos  or  electrical  apparatus  of  any  description 
(whether  exciters,  lamps,  motors,  switches,  or  any  other  appa- 
ratus for  generating,  utilizing,  testing,  regulating  or  distributing- 
electricity)  the  Dynamo  Clause  here  set  forth  above  must  be  attached 
to  policies.  Attention  is  called  to  the  fact  that  it  is  not  necessary 
that  the  electrical  apparatus  shall  be  mentioned  in  specific  terms, 
the  clause  being  required  to  be  attached  if  the  wording  of  the 
policy  is  such  as  to  cover  dynamos  or  electrical  apparatus  of  any 
description  whatever.  R.  C.  4-7-02. 

For  Dynamo  Clause  covering  Telephone  and  Telegraph  Station 
Plant,  see  page  86. 

EIGHTY  PER  CENT.  AVERAGE  RULES. 

All  rates,  whether  by  Schedule  Rate,  General  Minimum  Rate, 
Specific  Rate  or  Dry  Goods  District  Rate  and  class  rates  of  every 
kind,  made  and  promulgated,  and  all  rates  heretofore  promul- 
gated in  the  entire  Metropolitan  District,  including  the  Area  of 
Operation,  shall  be  based  upon  80  per  cent,  insurance  guaranteed 
in  the  policy. 

On  all  risks  now  rated  by  the  New  York  Fire  Insurance  Ex- 
change, where  special  provision  has  been  made  for  a  rebate  for  80 
per  cent.  Average,  the  net  rate  where  such  deduction  has  been 


CLAUSES,    PRIVILEGES,    AND   WARRANTIES.  82 

made  shall  be  taken  as  the  standard  rate  with  a  guarantee  of  80 
per  cent,  insurance  expressed  in  the  policy,  but  when  no  such  pro- 
vision has  been  made  there  shall  be  no  such  deduction. 

Whenever  the  Rate  Committee  shall  be  satisfied  that  the  Aver- 
age Clause  will  work  a  hardship  to  the  assured,  on  account  of  his 
inability  to  procure  such  an  amount  of  insurance,  because  of  the 
magnitude  of  the  risk,  they  are  authorized  to  prescribe  the  terms 
on  which  the  Average  Clause  may  be  dispensed  with  or  modi- 
fied. 4-26-92. 

EIGHTY  PER  CENT.  AVERAGE  CLAUSE. 

New  York  Standard  80  per  cent.  Average  Clause  with  Exemp- 
tion of  Special  Inventory  or  Appraisement  in  certain  cases,  is  as 
follows : 

"In  consideration  of  the  premium  for  which  this  policy  is  issued 
it  is  expressly  stipulated  that,  in  the  event  of  loss,  this  Company 
shall  not  be  liable  for  a  greater  proportion  of  any  loss  or  damage 
to  the  property  described  herein  than  the  sum  hereby  insured 
bears  to  eighty  per  centum  (80%)  of  the  actual  cash  value  of  said 
property  at  the  time  such  loss  shall  happen. 

"In  case  of  claim  for  loss  on  the  property  described  herein,  not 
exceeding  five  per  cent.  (5%)  of  the  maximum  amount  named  in 
the  policies  written  thereon  and  in  force  at  the  time  such  loss 
shall  happen,  no  special  inventory  or  appraisement  of  the  undam- 
aged property  shall  be  required. 

"If  the  insurance  under  this  policy  be  divided  into  two  or 
more  items,  these  clauses  shall  apply  to  each  item  sepa- 
rately." 3-13-02. 

If  desired  to  be  used  without  exemption  of  special  inventory  or 
appraisement,  the  form  of  this  clause  shall  be  as  follows : 

"  This  Company  shall  not  be  liable  for  a  greater  proportion  of 
any  loss  or  damage  to  the  property  described  herein  than  the  sum 
hereby  insured  bears  to  eighty  per  centum  (80%)  of  the  actual  cash 
value  of  said  property  at  the  time  such  loss  shall  happen. 

"If  the  insurance  under  this  policy  be  divided  into  two  or 
more  items,  this  Average  Clause  shall  apply  to  each  item 
separately."  3-13-02. 

No  other  clause  than  the  above  and  no  modification  of  the  above 
clause  may  be  used. 

No  guarantee  of  a  stated  amount  maybe  substituted  or  added  so 
as  to  interfere  with  the  free  operation  of  the  above  clause,  except 
in  accordance  with  rule  for  Appraisals  for  Co-Insurance.    3-3-96. 

Eighty  per  cent,  clause  is  not  required  on  household  furniture  in 
use  in  living  apartments  belonging  to  tenants  in  dwellings  or 
apartment  houses,  and  on  use  and  occupancy  policies.        4-18-99. 

The  rates  of  this  Exchange  being  based  upon  the  carrying  of 
insurance  equal  to  at  least  80  per  cent,  of  the  value  of  the  property 


CLAUSES,   PRIVILEGES,   AND   WARRANTIES.  83 

insured,  any  exclusion  in  the  policy  form  of  any  portion  of  the 
property  rated,  except  foundations  below  the  level  of  the  ground, 
amounts  to  an  unauthorized  reduction  of  rate  and  is  a  viola- 
tion. R.  C.  10-28-02. 

Wherever  in  the  ratings,  rules  and  rulings  of  this  Exchange  the 
words  "80  per  cent,  co-insurance"  occur  the  words  "80  per  cent, 
average"  are  hereby  substituted,  and  wherever  the  words  "full 
co-insurance"  occur  the  words  "one  hundred  percent,  average" 
are  hereby  substituted  therefor,  except  where  such  ratings,  rules 
and  rulings  apply  to  risks  situate  in  New  Jersey,  or  to  Floater  Forms 
Nos.  1  to  8  or  risks  insured  thereunder.  3-13-02. 

ELECTRIC  LIGHT  CLAUSE. 

"New  York  Standard  Clause  Forbidding  the  Use  of  Elec- 
tricity. This  entire  policy  shall  be  void  if  electricity  is  used  for 
light,  heat  or  power  in  the  above  described  premises  unless 
written  permission  is  given  by  this  Company  hereon. 

"Permit  for  Use  of  Electricity.  Referring  to  the  above,  per- 
mission is  hereby  given  for  the  use  of  electricity  for  light,  and/or 
heat  (*)  when  a  Certificate  shall  have  been  obtained  from  the  New 
York  Board  of  Fire  Underwriters,  it  being  understood  and  agreed 
that  no  alterations  shall  be  made  in  such  equipment  after  Certifi- 
cate is  issued  without  written  approval  from  the  said  Board; 
and  it  being  further  understood  and  agreed  that,  if  dynamos, 
wiring,  lamps,  motors,  switches  or  other  electrical  appliances  or 
devices  are  insured  by  this  policy,  this  Company  shall  not  be 
liable  for  any  loss  or  damage  to  such  property  resulting  from  any 
electrical  injury  or  disturbance,  whether  from  artificial  or  natural 
causes,  unless  fire  ensues,  and  then  for  the  loss  by  fire  only.  "1-14-03 

*  Insert  "and/or  power"  if  desired. 

The  words  "  and/or  heat  and/or  power"  may  be  inserted  in  the 
Electric  Light  Clause,  provided  the  power  is  used  only  for  pur- 
poses other  than  manufacturing  (such  as  warming  heaters,  run- 
ning elevators,  fans,  etc.),  but  if  power  is  used  for  manufacturing 
purposes  it  makes  the  risk  a  special,  and  classes  it  as  a  man- 
ufacturing risk  using  power,  and  rate  must  be  charged  accord- 
ingly. 6-25-00. 

In  territory  formerly  under  the  jurisdiction  of  the  Suburban 
Underwriters'  Association,  but  now  under  this  Exchange,  where 
electric  lighting  installations  are  still  inspected  by  the  Suburban 
Underwriters'  Association,  the  Electric  Light  Privilege  of  that 
Association  may  be  used  instead  of  that  of  the  New  York  Board 
of  Fire  Underwriters.  7-25-00. 

The  following  form  of  Electric  Light  Clause  may  be  attached  to 
policies  covering  Sugar  Refineries  in  place  of  the  regular  Board 
form. 


CLAUSES,    PRIVILEGES,    AND    WARRANTIES.  84 

"Privileged  to  use  electric  light  and  power  in  the  above  men- 
tioned premises  when  a  certificate  is  obtained  from  the  New  York 
Board  of  Fire  Underwriters 

"Also  privileged  to  make  such  alterations  and  additions  to 
the  equipment  as  maybe  necessary  by  reason  of  changes  incidental 
to  the  business,  provided  such  changes  are  made  in  full  compli- 
ance with  the  requirements  of  the  National  Electric  Code,  and 
also  provided  that  the  same  are  reported  in  detail  as  soon  as 
completed,  to  said  Board  for  Examination  and  approval. 

"This  insurance  shall  not  cover  any  loss  or  damage  to 
dynamos,  exciters,  lamps,  motors,  switches  or  any  other  appa- 
ratus for  generating  or  distributing  electricity,  caused  by  electric 
current,  whether  artificial  or  natural."  7-104)1. 

As  the  New  York  Board  of  Fire  Underwriters  does  not  issue 
Certificates  to  Electric  Car  Barns  or  to  Electric  Light  and  Power 
Stations,  policies  covering  risks  of  that  kind  need  not.  have  privilege 
to  Use  Electric  Lights  attached.  R.  C.  3-7-01. 

Where  a  Listed  Storage  Store  embraces  cold  storage  and  is 
equipped  with  electric  lights  under  permission  from  the  New  York 
Board  of  Fire  Underwriters,  the  Electric  Light  Clause  need  not,  be 
attached  to  policies  covering  contents.  R.  C.  6-16-02. 

OCCUPANCY  WARRANTY. 

Whenever  a  warranty  of  occupancy  is  required  by  the  rate  card 
or  under  general  rules  such  warranty  shall  be  in  the  following 

form :— "  While  occupied  exclusively  for "  or  "  While  occupied 

above  the  grade  floor  exclusively  for "  Or  the  occupancy 

maybe  limited  by  writing  in  or  stamping  on  the  policy  the  follow- 
ing clause :— "  This  insurance  to  oe  valid  only  while  the  building 
herein  described  is  occupied  exclusively  for "  2-4-02. 

ONE  HUNDRED  PER  CENT.  AVERAGE  CLAUSE. 

New  York  Standard  (100  per  cent.)  Average  Clause  with  Ex- 
emption of  Special  Inventory  or  Appraisement  in  certain  cases,  is 
as  follows  :— 

"In  consideration  of  the  premium  for  which  this  policy  is  issued 
it  is  expressly  stipulated  that  in  the  event  of  loss,  this  Company 
shall  not  be  liable  for  a  greater  proportion  of  any  loss  or  damage 
to  the  property  described  herein  than  the  sum  hereby  insured 
bears  to  one  hundred  per  centum  (100%)  of  the  actual  cash  value 
of  said  property  at  the  time  such  loss  shall  happen. 

"In  case  of  claim  for  loss  on  the  property  described  herein  not 
exceeding  five  per  cent.  (5%)  of  the  maximum  amount  named  in 
the  policies  written  thereon  and  in  force  at  the  time  such  loss  shall 
happen  no  special  inventory  or  appraisement  of  the  undamaged 
property  shall  be  required. 


CLAUSES,   PRIVILEGES,   AND   WARRANTIES.  85 

"If  the  insurance  under  this  policy  he  divided  into  two  or  more 
items,  these  clauses  shall  apply  to  each  item  separately." 

If  desired  to  be  used  without  exemption  of  special  inventory  or 
appraisement,  the  form  of  this  clause  shall  be  as  follows : 

"This  Company  shall  not  be  liable  for  a  greater  proportion  of 
any  loss  or  damage  to  the  property  described  herein  than  the  sum 
hereby  insured  bears  to  one  hundred  per  centum  (100%)  of  the 
actual  cash  value  of  said  property  at  the  time  such  loss  shall 
happen. 

"If  the  insurance  under  this  policy  be  divided  into  two  or  more 
items,  this  Average  Clause  shall  apply  to  each  item  sepa- 
rately." 3-13-02. 

"  Wherever  in  the  ratings,  rules  and  rulings  of  this  Exchange 
the  words  "80  per  cent,  co-insurance"  occur  the  words  "80  per 
cent,  average"  are  hereby  substituted,  and  wherever  the  words 
"full  co-insurance"  occur  the  words  "  one  hundred  per  cent,  aver- 
age "  are  hereby  substituted  therefor,  except  where  such  ratings, 
rules  and  rulings  apply  to  risks  situate  in  New  Jersey,  or  to  Floater 
Forms  Nos.  1  to  8  or  risks  insured  thereunder."  3-13-02. 

OTHER  FLOOR  CLAUSE  IN  FIRE-PROOF  BUILDINGS. 

Where  the  rules  or  rate  card  require  the  particular  floor  to  be 
specified  on  the  policy  of  a  tenant,  the  following  clause  may  be 
attached : 

"  Property  of  the  assured  while  in  this  building  either  in  transit 
to  their  own  floors  or  temporarily  on  a  lower  floor  is  hereby 
covered  under  this  policy." 

PATTERN  (TEN  PER  CENT.)  LIMITATION  CLAUSE. 

Where  any  item  of  a  policy  covers  patterns,  models,  moulds, 
drawings,  designs,  dies,  solutions,  or  lithographic  stones  and  en- 
gravings thereon,  or  any  of  them,  the  rate  of  such  item  shall  be 
increased  25  per  cent,  unless  a  specific  amount  is  insured  on  such 
property,  or  unless  the  policy  contains  the  following  clause : 

"Not  more  than  ten  per  cent,  of  the  amount  insured  under 

, item  of  this  policy  shall  apply  on  patterns,  models, 

moulds,  drawings,  designs,  dies,  solutions,  or  lithographic  stones 
and  engravings  thereon."  3-20-01. 

PRIVATE  WAREHOUSE  WARRANTY. 

"Warranted  by  the  assured  that  the  within  premises  are  used 
exclusively  by  the  assured  for  the  storage  of  his  or  their  own  mer- 
chandise in  original  packages,  including  merchandise  held  on 
commission  or  sold  but  not  delivered ;  that  no  cotton  or  fibre  is 
or  will  be  stored  therein ;  that  the  general  business  of  trading  is 


CLAUSES,    PRIVILEGES,    AND    WARRANTIES.  86 

not  carried  on ;  that  no  work  is  done  except  occasionally  break- 
ing packages,  packing,  re-packing,  sampling  and  sorting  piece 
goods,  and  strapping  boxes ;  that  no  lights  are  permitted  unless 
contained  in  enclosed  locked  lanterns  containing  candles  or  lamps 
filled  with  whale,  sperm,  lard  or  signal  oil ;  that  no  fire  or  steam 
heat  is  used  other  than  in  the  office  of  the  storekeeper  and  for 
hoisting ;  and  that  smoking  is  not  permitted  on  the  premises." 

RENT  CLAUSE. 

"  It  is  understood  and  agreed,  that  if  said  building  or  any  part 
thereof,  shall  be  rendered  untenantable  by  fire  so  as  to  cause  an 
actual  loss  of  rents  to  the  assured,  this  Company  shall  be  liable 
for  such  loss  of  rents  not  exceeding  the  sum  hereby  insured.  The 
assured  agrees  to  rebuild  or  repair  said  building  in  as  short  a 
time  as  the  nature  of  the  case  will  admit,  and  the  sum  insured 
will  be  taken  as  the  yearly  rent  of  the  building,  and  this  Company 
shall  be  liable  only  for  such  proportion  of  any  loss  as  the  sum 
hereby  insured  bears  to  the  actual  annual  rent  of  said  building. 
Loss  to  be  computed  from  the  date  of  the  fire  and  to  cease  upon 
the  building  being  again  rendered  tenantable.  In  case  the  assured 
shall  elect  not  to  rebuild  or  repair,  then  the  loss  of  rent  shall  be 
determined  by  the  time  which  would  have  been  required  for  such 
purpose.  In  the  event  of  disagreement  as  to  the  time,  the  same 
shall,  as  above  provided,  be  ascertained  by  two  competent  and 
disinterested  appraisers,  the  insured  and  this  Company  each 
selecting  one,  and  the  two  so  chosen  shall  first  select  a  compe- 
tent and  disinterested  umpire;  the  appraisers  together  shall 
then  estimate  and  determine  the  time,  and  failing  to  agree  shall 
submit  their  differences  to  the  umpire ;  and  the  award  in  writing 
of  any  two  shall  determine  the  amount  of  such  time.  The  parties 
thereto  shall  pay  the  appraiser  respectively  selected  by  them  and 
shall  bear  equally  the  expenses  of  the  appraisal  and  umpire." 

SPECIAL  BUILDING  SIGNAL  WARRANTY. 

Where  card  rates  specifically  require  such  warranty,  the  fol- 
lowing form  must  be  used. 

"Warranted  by  the  assured  to  maintain  a  Special  Building 
Signal  approved  by  the  New  York  Board  of  Fire  Underwriters 
for  the  transmission  of  alarms  to  Fire  Department  Head- 
quarters." 2-11-03. 

No  allowance  may  be  made  until  so  stated  on  rate  card. 

TELEPHONE  AND  TELEGRAPH  STATION  CLAUSE. 

The  following  form  of  dynamo  clause  must  be  used  on  policies 
covering  Telephone  Exchange  and  Telegraph  Station  Plant. 


CLAUSES,    PRIVILEGES,    AND    WARRANTIES.  87 

"This  Company  shall  not  be  liable  for  any  loss  or  damage 
resulting  from  any  electrical  injury  or  disturbance,  whether  from 
artificial  or  natural  cause,  in  or  to  any  of  the  property  hereby 
insured,  unless  fire  ensues,  and  then  for  the  loss  resulting  from 
fire  only. 

"It  is  further  understood  and  agreed  that  in  case  of  any  loss  or 
damage  by  fire  the  assured  is  at  liberty  to  immediately  make  all 
necessary  repairs,  due  notice  of  such  loss  to  be  given  to  the  Com- 
pany without  delay."  A.  C.  7-26-01. 

The  Telephone  and  Telegraph  Station  Clause  must  be  attached 
to  policies  covering  telephone  property  or  interest  of  any  de- 
scription. 8-7-01. 

THEATRE  WARRANTIES. 

Under  the  Theatre  schedule  an  allowance  may  be  made  for 
either  or  both  of  the  following  warranties.  When  such  allow- 
ances are  desired  the  request  therefor  must  be  referred  to  the 
Manager's  office  in  order  that  an  inspection  may  be  made  to 
verify  the  fact  that  the  appliances  called  for  by  the  warranties 
have  been  provided.  Allowances  must  not  be  made  at  the 
counter  as  same  are  included  in  the  rates  on  card. 

Warranty  No.  1.— "Warranted  by  the  assured  that  he  (or 
they)  will  keep  a  forty  gallon  barrel  filled  with  water,  also  six 
buckets  filled  with  water,  one  fire  extinguisher,  two  axes  and  two 
hooks  on  each  fly  gallery,  on  each  side  of  the  stage,  and  in  prop- 
erty room,  repair  shop  and  paint  shop." 

Warranty  No.  2.—"  Warranted  by  the  assured  that  he  (or 
they)  will  maintain  a  Night  and  Sunday  Watchman,  with  Watch 
Clock,  having  stations  on  each  floor  of  the  building,  and  on 
stage  and  each  fly  gallery,  and  in  property  room,  repair  shop  and 
paint  shop,  and  a  Special  Building  Call  connected  with  Fire  De- 
partment Headquarters. ' '  2-4-02. 

WATCHMAN  AND  CLOCK  WARRANTY. 

Where  card  rates  specifically  require  such  warranty,  the  fol- 
lowing form  must  be  used: 

"Warranted  by  the  assured  to  maintain  Night,  Sunday  and 
Holiday  Watchman,  with  approved  stations  and  approved 
watch  clock,  and  making  such  reports  to  the  New  York  Fire 
Insurance  Exchange  as  may  be  required."  24-02. 

No  allowance  may  be  made  until  so  stated  on  rate  card. 

WHARF  CLAUSE. 

Members  may  grant  permits  on  storage  policies  to  cover  on 
wharf  not  exceeding  ten  days  while  going  into  store,  using  the 
following  clause: 


CLAUSES,   PRIVILEGES,   AND   WARRANTIES.  88 

"This  policy  also  covers  on  said  described  merchandise  ordered 

to  said  store,  ex (excepting,  however,  merchandise 

covered  by  marine  and/or  inland,  or  transportation  insurance), 
while  on  streets,  or  piers  and  bulkheads  and/or  during  transit  to 
said  store,  for  a  period  not  exceeding  ten  days  from  date  of  this 
policy  or  from  the  date  of  each  entry."  12-11-01. 

Only  one  wharf  privilege  may  be  granted  under  any  one  policy 
or  entry  under  an  open  policy. 

This  clause  must  be  used  verbatim,  and  no  other  may  be  used. 
It  may  not  be  altered  so  as  to  cover  goods  going  out  of  store. 

WORK  AND  MATERIALS  CLAUSE. 

With  regard  to  the  privilege  for  work  and  materials,  it  is  held 
that  any  general  waiver  clause  waiving  the  specific  prohibitions 
of  the  Standard  Policy  as  to  work  and  materials  is  contrary  to 
rule,  except  the  following,  which  may  be  allowed : 

"Privileged  to  do  such  work  and  to  use  such  materials  as  are 
usual  in  the  business  of (specifying  business)." 

The  above  clause  must  be  used  verbatim  et  literatim. 

Where  the  above  clause  is  attached  to  a  policy  of  a  printer 
having  a  warranty  against  use  of  benzine,  no  deduction  shall  be 
made  for  such  benzine  warranty.  2-20-96. 

General  privileges  like  the  following  are  contrary  to  the  rules  of 
the  Exchange :— "  Privilege  for  existing  occupations  and  others." 
"Privilege  for  existing  occupations  and  for  other  purposes,"  etc. 

A  form  which  embraces  the  following  clause  "including  that 
mentioned  in  lines  Nos.  24-28  of  the  printed  conditions  of  this 
policy  in  legal  quantities  when  the  same  shall  constitute  a  portion 
of  their  stock  of  supplies"  is  in  violation  in  that  it  waives  the 
Work  and  Materials  Clause.  This  ruling  is  to  be  held  as  applying 
to  any  form  which  contains  a  general  waiver  of  lines  24-28  of  the 
Standard  Policy,  whether  such  general  waiver  is  set  forth  in  ex- 
actly the  words  quoted  or  others  to  the  same  effect.   A.  C.  4-26-00. 

The  Work  and  Materials  Clause  should  apply  only  to  the  business 
carried  on  by  the  assured  and  should  not  be  made  with  reference  to 
some  other  business  carried  on  in  the  same  building  but  over 
which  the  assured  has  no  control.  3-19-02. 

The  Work  and  Materials  Clause  when  attached  to  a  policy  is 
considered  to  waive  the  conditions  of  the  Standard  Policy  relat- 
ing to  the  keeping  of  explosives  and  high  inflammables,  as  set 
forth  in  lines  22  to  26  thereof,  so  far  as  the  keeping  of  such  articles 
may  be  usual  in  the  business  of  the  insured. 

If  instead  of  or  in  addition  to  the  Work  and  Materials  Clause 
the  assured  requests  privilege  to  keep  and  use  naphtha,  benzine, 
fireworks,  gunpowder,  gasoline  and  calcium  carbide,  all  or  any 
one,  charge  must  be  made  therefor  in  addition  to  card  rates, 


CLAUSES,   PRIVILEGES,   AND   WARRANTIES.  89 

unless  the  card  states  that  charge  has  been  included  in  the  rate 
as  issued. 

In  granting  permission  (other  than  the  Work  and  Materials 
Clause)  for  the  keeping  and  use  of  any  high  inflammable  or  ex- 
plosive the  quantity  allowed  should  be  limited  in  the  permit, 
either  to  the  amount  stated  on  rate  card,  or,  in  the  absence  ol 
any  rule  restricting  the  quantity,  fixed  by  judgment  of  the  com- 
pany, but  privilege  for  an  unlimited  quantity  must  not  be  granted 
without  charge. 

Where  card  in  the  cabinet  does  not  state  that  a  charge  for  use 
of  an  explosive  or  high  inflammable  has  been  included  in  the  rate, 
if  privilege  therefor  is  desired  on  policy,  the  Manager  will  upon 
application  furnish  a  letter  for  use  by  assured's  representative 
stating  terms  upon  which  such  privilege  may  be  granted  pending 
issue  of  new  card.  6-22-00. 

If  a  permit  is  given  for  naphtha,  benzine,  or  other  high  inflam- 
mable or  explosive  in  or  on  a  dwelling  house  risk  with  the  amount 
allowed  of  each  limited  to  a  definite  quantity  no  charge  need  be 
made  therefor.  9-24-00. 

Where  a  form  contains  a  general  privilege  giving  permission 
"to  keep  and  use  a  reasonable  quantity  of  naphtha,  benzine, 
fireworks,  gunpowder,  gasoline  and  calcium  carbide  without 
prejudice  to  his  insurance,"  such  privilege  must  be  charged  for 
upon  the  basis  of  the  highest  rated  explosive  included  therein; 
that  is  to  say,  2.50  for  fireworks  or  gunpowder,  or  in  case  those 
two  hazards  are  omitted,  not  less  than  25  cents  for  naphtha, 
benzine,  gasoline  or  calcium  carbide.  R.  C  3-12-00. 


FORMS. 


CHURCH,  CHAPEL  OR  SUNDAY  SCHOOL  FORM. 

$ On  the building  occupied  for  Church 

purposes,  situate 

This  item  covers  all  adjoining  additions  and  extensions 
thereto,  if  communicating,  sidewalks,  yards,  fences,  rail- 
ings, pews,  pulpits,  window,  plate  and  ornamental  glass, 
frescoing,  and  plain  and  ornamental  painting,  gas,  water 
and  heating  pipes,  apparatus,  fixtures,  and  all  appliances 
pertaining  thereto. 

| On  dynamos  and  all  electric  and  mechanical  apparatus  and 

appurtenances  thereto  belonging. 

9. . .  .On  Church,  altar,  school  and  other  movable  furniture,  useful 
and  ornamental,  carpets,  floor  coverings,  paintings,  pic- 
tures, engravings  and  their  frames,  musical  instruments 
(excepting  pipe  organs),  statuary,  stations,  vestments, 
plate,  printed  books  and  music,  church  and  school  para- 
phernalia, and  supplies. 

$....On  pipe  organs— all  while  contained  in  the  above  described 
premises. 

Permission  for  mechanics  to  be  employed  in  the  within  de- 
scribed premises,  but  this  shall  not  be  held  to  include  the 
constructing  or  reconstructing  of  the  building  or  buildings, 
or  additions,  or  the  enlargement  of  the  premises. 

Permission  to  hold  fairs,  concerts  and  dramatic  or  literary 
entertainments. 

11  This  policy  shall  cover  any  direct  loss  or  damage  caused  by 
Lightning  (meaning  thereby  the  commonly  accepted  use  of  the 
term  Lightning,  and  in  no  case  to  include  loss  or  damage  by 
cyclone,  tornado  or  windstorm),  not  exceeding  the  sum  insured, 
nor  the  interest  of  the  assured  in  the  property,  and  subject  in  all 
other  respects  to  the  terms  and  conditions  of  this  policy.  Pro- 
vided, however,  if  there  shall  be  any  other  insurance  on  said 

90 


FORMS.  91 


property  this  Company  shall  be  liable  only  pro  rata  with  such 
other  insurance  for  any  direct  loss  by  Lightning,  whether  such 
other  insurance  be  against  direct  loss  by  Lightning  or  not." 

"Privileged  to  use  Electric  Lights  in  the  above-mentioned 
premises  when  the  entire  equipment  is  in  full  compliance  with  the 
Standard  of  the  New  York  Board  of  Fire  Underwriters,  and  a 
certificate  is  obtained  from  said  Board  to  that  effect.,, 

"It  being  understood  that  no  alterations  shall  be  made  in  the 
equipment  after  Certificate  Is  issued  without  written  consent  from 
said  Board." 

"This  insurance  shall  not  cover  any  loss  or  damage  to  dyna- 
mos, exciters,  lamps,  motors,  switches,  or  any  other  apparatus 
for  generating,  utilizing,  testing,  regulating  or  distributing 
electricity,  caused  by  electric  current,  whether  artificial  or 
natural." 

"  Other  Insurance  permitted  without  notice  until  required." 

If  written  under  minimum,  and  at  the  rate  for  a  steam  heated 
church  the  following  warranty  is  required: 

"Warranted  that  the  premises  herein  described  are  heated  by 
steam,  and  that  no  stoves  or  hot-air  furnaces  will  be  used  during 
the  continuance  of  the  policy." 

The  words  "altar"  and  "confessionals"  may  be  inserted  in 
the  first  item  of  the  standard  Church  form  after  the  word  pulpits. 
The  items  "bells  and  tower  clocks  and  ventilating  apparatus" 
may  be  added  to  the  building  item.  The  words  "and  water 
motor  and  all  connections  and  attachments  thereto"  can  be 
added  after  the  words  "pipe  organs." 

The  following  clause  may  be  added  to  the  Church  form: 

"The  first  item  of  this  policy  covering  ■  building*  is  understood 
to  cover  all  electrical  wiring,  fixtures,  switch-boards,  and  other 
electrical  apparatus  and  appurtenances,  but  does  not  cover  dyna- 
mos or  apparatus  and  appurtenances,  belonging  thereto."  9-28-96 

No  other  Church  form  may  be  used,  and  no  change  of  wording  is 
allowable  except  as  above  ruled.  3-3-96 

A  clause  excluding  foundations,  as  provided  for  on  page  57 
may  be  attached  to,  or  made  part  of,  the  form  for  Church,  Chapel,  or 
Sunday  School.  B.  C.  11-6-01 

COMMON  CARRIERS. 

Insurance  of  Common  Carrier's  liability  may  be  written  under 
the  following  forms,  one  or  the  other  of  which  must  be  used : 

Legal  Liability  Form— Liability  disclaimed.  Bate  to  be  one-half 
of  the  Contents  rate  of  the  Pier. 

$ On  their  legal  liability  in  or  for  all  merchandise  held  in  their 

custody  as  common  carriers,  warehousemen,  wharfingers, 
forwarders  or  freighters,  while  contained 


FORMS.  92 


The  purpose  of  this  insurance  is  to  indemnify  the  insured  for 
their  legal  liability,  if  any,  to  the  amount  they  are  obliged  to  pay 
on  such  merchandise  by  reason  of  loss  or  damage  by  fire,  and  it 
is  understood  that  liability  for  such  loss  or  damage  by  fire  is  and 
will  be  disclaimed  in  bills  of  lading,  shipping  receipts  and  other 
similar  documents. 

It  is  also  understood  and  agreed  that  all  claims  against  the 
insured  (provided  the  claim  or  claims  are  not  in  excess  of  the 
amount  insured)  shall  be  resisted  under  the  direction  and  control 
of  this  Company,  the  cost  of  such  resistance  (whether  conducted 
by  the  insured  or  by  this  Company)  to  be  paid  by  this  Company 
in  the  proportion  that  the  amount  of  this  policy  bears  to  the 
total  amount  of  such  claim  or  claims. 

In  the  event  of  loss  hereunder,  this  Company  shall  be  subro- 
gated to  all  claims  upon  owners  of  merchandise  to  the  extent  of 
payment  made  to  the  said  Steamship  Company. 

(No  co-insurance  clause  required ;  commission  15  per  cent.) 

Legal  Liability  Form— Liability  not  disclaimed.  Rate  to  be  that 
for  merchandise  on  Pier. 

$. . .  .On  their  legal  liability  in  or  for  all  merchandise  and/or  bag- 
gage held  in  their  custody  as  common  carriers,  warehouse- 
men, wharfingers,  forwarders  or  freighters ;  also  upon  their 
interest  in  all  advances  or  other  charges  due  or  to  become 
due  upon  all  merchandise  and/or  baggage  while  con- 
tained   

It  being  mutually  understood  and  agreed  that  if  claim  is  made 
against  the  assured  hereunder  for  merchandise  and/or  baggage 
held  by  them  as  above  provided,  the  insurers  shall  have  the 
option  of  either  admitting  such  claim  for  payment  or  of  resisting 
it  in  court,  the  legal  expenses  incurred  in  such  resistance  to  be 
borne  by  the  Insurance  Companies  interested,  in  the  proportion 
that  the  total  amount  of  the  insurance  shall  bear  to  the  total 
amount  of  such  claim  or  claims. 

(No  co-insurance  clause  required;  commission  15  per  cent.) 

If  liability  for  property  on  more  than  one  pier  or  wharf  be 
covered,  a  separate  amount  must  be  placed  on  each.         7-11-00. 

The  words  "and/or  freight"  may  be  added  to  the  "Legal 
Liability  Form— Liability  Not  Disclaimed"  after  the  word  "mer- 
chandise." 7-10-01. 

The  following  clause  may  be  added  to  Legal  Liability  Not 
Disclaimed  form,  if  desired,  without  extra  charge : 

This  company  hereby  gives  consent  to  the  assured  hereunder 
to  admit  their  liability  upon  all  goods,  wares  and  merchandise 
damaged  or  destroyed  by  fire  upon  the  premises  described  herein, 
which,  at  the  time  of  loss,  had  been  upon  the  said  premises  for  a 


FORMS.  93 


period  not  exceeding  forty-eight  (48)  hours,  in  addition  to  Sun- 
days and  Holidays,  preceding  the  fire,  and  which  at  the  time  of 
loss  was  not  protected  by  other  insurance.  A.  C.  12-10-02. 

FLOATER  FORMS. 

The  following  floater  forms  are  approved  for  use  on  policies 
covering  merchandise  in  bonded  warehouses,  general  order  stores, 
storage  stores,  and  while  in  transitu,  in  the  cities  and  ports  of 
New  York,  Brooklyn,  Jersey  City  and  Hoboken.  They  must  be 
used  as  here  given,  except  as  provided  below: 

In  Forms  3,  4,  7  and  8,  the  word  "  merchandise  "  may  be  sub- 
stituted for  the  words  "vegetable  fibre." 

Forms  1,  2,  5  and  6  may  be  written  with  full  co-insurance 
clause  (no  deduction  therefor)  at  .875  for  Forms  1  and  2,  and  at 
1.75  for  Forms  5  and  6,  provided,  instead  of  the  words  "On  mer- 
chandise consisting  principally  of excluding  cotton 

and  other  vegetable  fibre  and  petroleum  and  its  liquid  products," 
the  following  words  be  substituted,  viz.:  "On  merchandise  con- 
sisting exclusively  of  Antimony,  Block  Tin,  Brass  in  pigs,  Copper 
in  ingots,  cakes  and  bars,  Crude  Rubber,  Iron  in  pigs,  Lead  in 
pigs,  Mercury  in  flasks  and  Spelter."  (Any  or  all  to  be  specified 
byname.) 

Upon  Floater  Forms  5,  6,  7  and  8,  the  following  endorsement 
may  be  made:— "Piers  No.  1  and  No.  2  of  the  American  Dock 
Stores,  Staten  Island,  being  used  as  a  terminal  of  the  Baltimore 
&  Ohio  Railroad  Co.,  may  be  included  as  under  the  protection  of 
this  form." 

Hay  having  been  classed  by  the  New  York  Board  of  Fire  Un- 
derwriters as  "vegetable  fibre,"  and  as  such  being  excluded  from 
non-fibre  stores,  Hay  floaters  can  only  be  written  under  the 
" fibre"  Forms  3,  4,  7  and  8.  The  writing  of  Hay  under  Floaters 
1,  2,  5  and  6  is  prohibited. 

Any  other  form  of  floater  desired  covering  merchandise  or 
other  kinds  of  personal  property  not  less  than  2.50. 

Freight  charges  on  merchandise  may  be  written  under  General 
Floater  Forms  Nos.  1  to  8  at  the  same  rates  as  carried  by  said 
forms.  3-20-01. 

No.  1.— ORDINARY  EXCESS  FLOATER,  EXCLUDING 
COTTON. 

On  merchandise  consisting  principally  of excluding 

cotton  and  other  vegetable  fibre  and  petroleum  and  its  liquid 
products,  the  property  of  the  assured  or  held  by  the  assured  in 
trust  or  on  commission  or  on  joint  account  with  others  or  sold 


FORMS.  94 


but  not  delivered,  while  contained  in  any  or  all  the  bonded  ware- 
houses, general  order  stores  or  brick  and  stone  storage  stores,  and 
while  in  transitu  in  or  on  any  of  the  streets,  yards,  wharves,  piers, 
and  bulkheads,  in  the  Cities  of  New  York,  Brooklyn,  Jersey  City 
and  Hoboken,  and  while  afloat  in  transitu  in  the  ports  of  said 
cities ;  subject  to  the  following  conditions  of  co-insurance  and  ex- 
ceptions named  below : 

N.  Y.  Standard  Co-Insurance  Clause  for  Limited  Floating  Policy. — 

It  is  hereby  declared  and  agreed  that  in  case  the  property  afore- 
said in  all  the  buildings,  places,  or  limits  included  in  this  insur- 
ance, shall  at  the  breaking  out  of  any  fire  or  fires,  be  collectively 
of  greater  value  than  the  sum  insured,  then  this  company  shall 
pay  and  make  good  such  a  portion  only  of  the  loss  or  damage  as 
the  sum  insured  shall  bear  to  the  whole  value  of  the  property 
aforesaid,  at  the  time  when  such  fire  or  fires  shall  first  happen. 

But  it  is  at  the  same  time  declared  and  agreed,  that  if  any 
specific  parcel  of  goods  included  in  the  terms  of  this  policy,  or 
such  goods  in  any  specified  building  or  buildings,  place  or  places, 
within  the  limits  of  this  insurance,  shall  at  the  time  of  any  fire  be 
insured  in  this  or  any  other  office,  this  policy  shall  not  extend  to 
cover  the  same,  excepting  only  as  far  as  relates  to  any  excess  of 
value  beyond  the  amount  of  such  specific  insurance  or  insurances, 
and  shall  not  be  liable  for  any  loss,  unless  the  amount  of  such  loss 
shall  exceed  the  amount  of  such  specific  insurance  or  insurances, 
which  said  excess  only  is  declared  to  be  under  the  protection  of 
this  policy  and  subject  to  average,  as  aforesaid. 

It  being  the  true  intent  and  meaning  of  this  agreement  that 
this  company  shall  not  be  liable  for  any  loss,  unless  the  amount 
of  such  loss  shall  exceed  the  amount  of  the  specific  insurance  or 
insurances,  and  then  only  for  such  excess,  which  said  excess  shall 
be  subject  to  average,  as  above. 

This  policy  does  not  cover  in  the  building  or  premises  of  the 
New  York  Central  &  Hudson  River  Railroad  Co.,  at  St.  John's 
Park;  nor  in  the  Central  Terminal  Stores  at  27th  and  28th 
Streets,  Eleventh  Avenue  and  North  River ;  nor  on  the  piers  or  in 
the  buildings  or  premises  of  the  New  York  Central  &  Hudson 
River  Railroad  Co.,  between  27th  and  33d  Streets,  and  between  62d 
and  68th  Streets,  New  York  City ;  nor  on  the  piers  or  in  the  build- 
ings or  premises  of  the  New  York,  Lake  Erie  &  Western  Railroad, 
the  Central  Railroad  of  New  Jersey,  the  Lehigh  Valley  Railroad, 
the  Delaware,  Lackawanna  &  Western  Railroad  and  the  Pennsyl- 
vania Railroad,  in  Jersey  City  and  Hoboken,  New  Jersey ;  nor  on 
Black  Tom  Island ;  nor  in  any  tobacco  inspection  or  other  ware- 
house used  exclusively  for  the  storage  of  tobacco;  nor  in  any 
grain  elevator  or  elevator  store  or  graded  grain  store ;  nor  in  any 


FORMS.  95 


furniture  storage  store ;  nor  in  any  building  occupied  wholly  or 
in  part  by  the  assured. 

This  policy  does  not  cover  in  whole  or  in  part,  goods  on 
which  at  the  time  of  any  fire  there  may  be  any  marine,  inland  or 
transportion  insurance. 

Other  insurance  permitted  without  notice  until  required. 

No.  2.— ORDINARY  LIMITED    FLOATER,    EXCLUDING 

COTTON. 

On  merchandise  consisting  principally  of excluding 

cotton  and  other  vegetable  fibre  and  petroleum  and  its  liquid 
products,  the  property  of  the  assured  or  held  by  the  assured  in 
trust,  or  on  commission,  or  on  joint  account  with  others  or  sold 
but  not  delivered,  while  contained  in  any  or  all  the  bonded  ware- 
houses, general  order  stores,  or  brick  and  stone  storage  stores, 
and  while  in  transitu  in  or  on  any  of  the  streets,  yards,  wharves, 
piers,  and  bulkheads,  in  the  Cities  of  New  York,  Brooklyn,  Jersey 
City  and  Hoboken,  and  while  afloat  in  transitu  in  the  ports  of 
said  cities ;  subject  to  the  following  conditions  of  co-insurance 
and  exceptions  named  below : 

N.  Y.  Standard  Co-Insurance  Clause  for  Excess  Floating  Policy.— 
It  is  hereby  declared  and  agreed  that  in  case  the  property  afore- 
said in  all  the  buildings,  places,  or  limits  included  in  this  insur- 
ance, shall  at  the  breaking  out  of  any  fire  or  fires,  be  collectively 
of  greater  value  than  the  sum  insured,  then  this  company  shall 
pay  and  make  good  such  a  portion  only  of  the  loss  or  damage  as 
the  sum  insured  shall  bear  to  the  whole  value  of  the  property 
aforesaid,  at  the  time  when  such  fire  or  fires  shall  first  happen. 

Exceptions.— This  policy  does  not  cover  in  whole  or  in  part,  any 
specific  parcel  of  goods  included  in  the  terms  of  this  policy,  or 
such  goods  in  any  specified  building  or  buildings,  place  or  places, 
within  the  limits  of  this  insurance,  which  shall  at  the  time  of  any 
fire  be  insured  in  this  or  any  other  office. 

This  policy  does  not  cover  in  whole  or  in  part,  any  specific 
parcel  of  goods  included  in  the  terms  of  this  policy,  or  such  goods 
in  any  specified  building  or  buildings,  place  or  places,  within  the 
limits  of  this  insurance,  which  shall  at  the  time  of  any  fire  be 
insured  in  this  or  any  other  office. 

This  policy  does  not  cover  in  whole  or  in  part,  goods  on  which 
at  the  time  of  any  fire  there  may  be  any  marine,  inland  or  trans- 
portation insurance. 

This  policy  does  not  cover  in  the  building  or  premises  of  the 
New  York  Central  &  Hudson  River  Railroad  Co.,  at  St.  John's 
Park,  nor  in  the  Central  Terminal  Stores,  at  27th  and  28th 
Streets,  Eleventh  Avenue  and  North  River ;  nor  on  the  piers  or  in 


FORMS.  96 


the  buildings  or  premises  of  the  New  York  Central  &  Hudson 
River  Railroad  Co.,  between  27th  and  33d  Streets,  and  between 
62d  and  68th  Streets,  New  York  City ;  nor  on  the  piers  or  in  the 
buildings  or  premises  of  the  New  York,  Lake  Erie  and  Western 
Railroad,  the  Central  Railroad  of  New  Jersey,  the  Lehigh  Valley 
Railroad,  the  Delaware,  Lackawanna  &  Western  Railroad,  and 
the  Pennsylvania  Railroad,  in  Jersey  City  and  Hoboken,  New 
Jersey ;  nor  on  Black  Tom  Island ;  nor  in  any  tobacco  inspection 
or  other  warehouse  used  exclusively  for  the  storage  of  tobacco ; 
nor  in  any  grain  elevator  or  elevator  store  or  graded  grain 
store;  nor  in  any  furniture  storage  store;  nor  in  any  building 
occupied  wholly  or  in  part  by  the  assured. 

Other  Insurance  permitted  without  notice  until  required. 

No.  3.— ORDINARY  EXCESS  COTTON  FLOATER. 

On  cotton  and  other  vegetable  fibre,  the  property  of  the 
assured  or  held  by  the  assured  in  trust  or  on  commission  or  on 
joint  account  with  others  or  sold  but  not  delivered,  while  con- 
tained in  any  or  all  the  bonded  warehouses,  general  order  stores 
or  brick  and  stone  storage  stores,  and  while  in  transitu  in  or  on 
any  of  the  streets,  yards,  wharves,  piers  and  bulkheads,  in  the 
Cities  of  New  York,  Brooklyn,  Jersey  City  and  Hoboken,  and 
while  afloat  In  transitu  in  the  ports  of  said  cities ;  subject  to  the 
following  conditions  of  co-insurance  and  exceptions  named  be- 
low: 

(N.  Y.  Standard  Co-Insurance  Clause  for  Excess  Floating 
Policy.  See  Form  No.  1.)— This  policy  does  not  cover  in  the 
building  or  premises  of  the  New  York  Central  &  Hudson  River 
Railroad  Co.,  at  St.  John's  Park,  nor  in  the  Central  Terminal 
Stores,  at  27th  and  28th  Streets,  Eleventh  Avenue  and  North 
River ;  nor  on  the  piers  or  in  the  buildings  or  premises  of  the  New 
York  Central  &  Hudson  River  Railroad  Co.,  between  27th  and  33d 
Streets,  and  between  62d  and  68th  Streets,  New  York  City ;  nor 
on  the  piers  or  in  the  buildings  or  premises  of  the  New  York,  Lake 
Erie  and  Western  Railroad,  the  Central  Railroad  of  New  Jersey, 
the  Lehigh  Valley  Railroad,  the  Delaware,  Lackawanna  &  West- 
ern Railroad,  and  the  Pennsylvania  Railroad,  in  Jersey  City  and 
Hoboken,  New  Jersey;  nor  on  Black  Tom  Island;  nor  in  any 
tobacco  inspection  or  other  warehouse  used  exclusively  for  the 
storage  of  tobacco ;  nor  in  any  grain  elevator  or  elevator  store 
or  graded  grain  store ;  nor  in  any  furniture  storage  store,  nor  in 
any  building  occupied  wholly  or  in  part  by  the  assured. 

This  policy  does  not  cover  in  whole  or  in  part,  goods  on 
which  at  the  time  of  any  fire  there  may  be  any  marine,  inland  or 
transportation  insurance. 

Other  insurance  permitted  without  notice  until  required. 


FORMS.  97 


No.  4— ORDINARY  LIMITED  COTTON  FLOATER. 

On  cotton  and  other  vegetable  fibre,  the  property  of  the 
assured  or  held  by  the  assured  in  trust  or  on  commission  or  on 
joint  account  with  others  or  sold  but  not  delivered,  while  con- 
tained in  any  or  all  the  bonded  warehouses,  general  order  stores 
or  brick  and  stone  storage  stores,  and  while  in  transitu  in  or  on 
any  of  the  streets,  yards,  wharves,  piers  and  bulkheads,  in  the 
Cities  of  New  York,  Brooklyn,  Jersey  City  and  Hobokeh,  and 
while  afloat  in  transitu  in  the  ports  of  said  cities  ;  subject  to  the 
following  conditions  of  co-insurance  and  exceptions  named  be- 
low: 

(N.  Y.  Standard  Co-Insurance  Clause  for  Limited  Floating 
Policy.  See  Form  No.  2.)— This  policy  does  not  cover  in  whole  or 
in  part,  any  specific  parcel  of  goods  included  in  the  terms  of  this 
policy,  or  such  goods  in  any  specified  building  or  buildings,  place 
or  places,  within  the  limits  of  this  insurance,  which  shall  at  the 
time  of  any  fire  be  insured  in  this  or  any  other  office. 

This  policy  does  not  cover  in  whole  or  in  part,  goods  on 
which  at  the  time  of  any  fire  there  may  be  any  marine,  inland  or 
transportation  insurance. 

This  policy  does  not  cover  in  the  building  or  premises  of  the 
New  York  Central  &  Hudson  River  Railroad  Co.,  at  St.  John's 
Park  nor  in  the  Central  Terminal  Stores  at  27th  and  28th  Streets, 
Eleventh  Avenue  and  North  River;  nor  on  the  piers  or  in  the 
buildings  or  premises  of  the  New  York  Central  &  Hudson  River 
Railroad  Co.,  between  27th  and  33d  Streets,  and  between  62d  and 
68th  Streets,  New  York  City,  nor  on  the  piers  or  in  the  buildings 
or  premises  of  the  New  York,  Lake  Erie  &  Western  Railroad,  the 
Central  Railroad  of  New  Jersey,  the  Lehigh  Valley  Railroad,  the 
Delaware,  Lack  aw  anna  &  Western  Railroad,  and  the  Pennsylvania 
Railroad,  in  Jersey  City  and  Hoboken,  New  Jersey ;  nor  on  Black 
Tom  Island;  nor  in  any  tobacco  inspection  or  other  tobacco 
warehouse ;  nor  in  any  grain  elevator  or  elevator  store  or  graded 
grain  store ;  nor  in  any  furniture  storage  store ;  nor  in  any  build- 
ing occupied  wholly  or  in  part  by  the  assured. 

Other  insurance  permitted  without  notice  until  required. 

No.  5.— BROAD   EXCESS  FLOATER,   EXCLUDING 
COTTON. 

On  merchandise  consisting  principally  of excluding 

cotton  and  other  vegetable  fibre  and  petroleum  and  its  liquid 
products,  the  property  of  the  assured  or  held  by  the  assured  in 
trust,  or  on  commission,  or  on  joint  account  with  others,  or  sold 
but  not  delivered,  while  contained  in  all  or  any  of  the  brick,  stone 


FORMS. 


or  frame  warehouses,  storage  stores  and  sheds,  and  while  In 
transitu  in  all  or  on  any  of  the  streets,  yards,  wharves,  piers  and 
bulkheads,  and  also  while  in  cars  on  tracks  (excepting  in  grain 
elevators)  in  New  York,  Brooklyn,  Jersey  City,  Hoboken  and 
Weehawken  and  on  Staten  Island  and  Black  Tom  Island,  and 
while  afloat  in  transitu  in  the  Ports  of  said  cities ;  subject  to  the 
following  conditions  of  co-insurance  and  exceptions  named  be- 
low: 

(N.  Y.  Standard  Co-Insurance  Clause  for  Excess  Floating 
Policy.  See  Form  No.  1.)— This  policy  does  not  cover  in  the 
building  or  premises  of  the  New  York  Central  &  Hudson  River 
Railroad  Co.,  at  St.  John's  Park,  in  New  York  City ;  nor  in  Amer- 
ican Dock  Stores,  Staten  Island,  or  on  the  piers  in  front  of  said 
stores;  nor  in  any  grain  elevator  or  elevator  store  or  graded 
grain  store ;  nor  in  any  furniture  storage  store ;  nor  in  any  build- 
ing occupied  wholly  or  in  part  by  the  assured. 

This  policy  does  not  cover  in  whole  or  in  part,  goods  on  which 
at  the  time  of  any  fire  there  may  be  any  marine,  inland  or  trans- 
portation insurance. 

Other  insurance  permitted  without  notice  until  required. 

No.  6.— BROAD  LIMITED  FLOATER,  EXCLUDING 
COTTON. 

On  merchandise  consisting  principally  of excluding 

cotton  and  other  vegetable  fibre  and  petroleum  and  its  liquid 
products,  the  property  of  the  assured  or  held  by  the  assured  in 
trust,  or  on  commission,  or  on  Joint  account  with  others,  or  sold 
but  not  delivered,  while  contained  in  all  or  any  of  the  brick,  stone 
or  frame  warehouses,  storage  stores  and  sheds,  and  while  in 
transitu  in  or  on  any  of  the  streets,  yards,  wharves,  piers  and 
bulkheads,  and  also  while  in  cars  on  tracks  (excepting  in  grain 
elevators)  in  New  York,  Brooklyn,  Jersey  City,  Hoboken  and 
Weehawken  and  on  Staten  Island  and  Black  Tom  Island,  and 
while  afloat  in  transitu  in  the  Ports  of  said  cities ;  subject  to  the 
following  conditions  of  co-insurance  and  exceptions  named  be- 
low: 

(N.  Y.  Standard  Co-Insurance  Clause  for  Limited  Floating 
Policy.  See  Form  No.  2.)— This  policy  does  not  cover  in  whole  or 
in  part,  any  specific  parcel  of  goods  included  in  the  terms  of  this 
policy,  or  such  goods  in  any  specified  building  or  buildings,  place 
or  places,  within  the  limits  of  this  insurance,  which  shall  at  the 
time  of  any  fire  be  insured  in  this  or  any  other  office. 

This  policy  does  not  cover  in  whole  or  in  part,  goods  on  which 
at  the  time  of  any  fire  there  may  be  any  marine,  Inland  or  trans- 
portation insurance. 


FORMS.  99 


This  policy  does  not  cover  in  the  building  or  premises  of  the 
New  York  Central  &  Hudson  River  Railroad  Co.,  at  St.  John's 
Park,  in  New  York  City,  nor  in  American  Dock  Stores,  Staten 
Island,  or  on  the  piers  in  front  of  said  stores ;  nor  in  any  grain 
elevator  or  elevator  store  or  graded  grain  store ;  nor  in  any  fur- 
niture storage  store ;  nor  in  any  building  occupied  wholly  or  in 
part  by  the  assured. 

Other  insurance  permitted  without  notice  until  required. 

No.  7-— BROAD  EXCESS  COTTON  FLOATER. 

On  cotton  and  other  vegetable  fibre,  the  property,  of  the  as- 
sured or  held  by  the  assured  in  trust  or  on  commission  or  on 
joint  account  with  others  or  sold  but  not  delivered,  while  con- 
tained in  any  or  all  of  the  brick,  stone  or  frame  warehouses,  stor- 
age stores  and  sheds,  and  while  in  transitu  in  or  on  any  of  the 
streets,  yards,  wharves,  piers  and  bulkheads,  and  also  while  in 
cars  on  tracks  (excepting  in  grain  elevators)  in  New  York,  Brook- 
lyn, Jersey  City,  Hoboken  and  Weehawken,  and  on  Staten  Island 
and  Black  Tom  Island,  and  while  afloat  in  transitu  in  the  ports 
of  said  cities ;  subject  to  the  following  conditions  of  co-insurance 
and  exceptions  named  below : 

(N.  Y.  Standard  Co-Insurance  Clause  for  Excess  Floating 
Policy.  See  Form  No.  1.)— This  policy  does  not  cover  in  the 
building  or  premises  of  the  New  York  Central  and  Hudson  River 
Railroad  Co.,  at  St.  John's  Park,  in  New  York  City;  nor  in  Ameri- 
can Dock  Stores,  Staten  Island,  or  on  the  piers  in  front  of  said 
stores;  nor  in  any  grain  elevator  or  elevator  store  or  graded 
grain  store;  nor  in  any  furniture  storage  store;  nor  in  any 
building  occupied  wholly  or  in  part  by  the  assured. 

This  policy  does  not  cover  in  whole  or  in  part,  goods  on  which 
at  the  time  of  any  fire  there  may  be  any  marine,  inland  or  trans- 
portation insurance. 

Other  insurance  permitted  without  notice  until  required. 

No.  8.— BROAD  LIMITED  COTTON  FLOATER. 

On  cotton  and  other  vegetable  fibre,  the  property  of  the 
assured  or  held  by  the  assured  in  trust  or  on  commission  or  on 
joint  account  with  others  or  sold  but  not  delivered,  while  con- 
tained in  any  or  all  of  the  brick,  stone  or  frame  warehouses, 
storage  stores  and  sheds,  and  while  in  transitu  in  or  on  any  of 
the  streets,  yards,  wharves,  piers  and  bulkheads,  and  also  while 
in  cars  on  tracks  (excepting  in  grain  elevators)  in  New  York, 
Brooklyn,  Jersey  City,  Hoboken  and  Weehawken,  and  on  Staten 
Island  and  Black  Tom  Island,  and  while  afloat  in  transitu  in  the 


FORMS.  100 


ports  of  said  cities;  subject  to  the  following  conditions  of  co- 
insurance and  exceptions  named  below : 

(N.  Y.  Standard  Co-Insurance  Clause  for  Limited  Floating 
Policy.  See  Form  No.  2.)— This  policy  does  not  cover  in  whole  or 
In  part,  any  specific  parcel  of  goods  included  in  the  terms  of  this 
policy,  or  such  goods  in  any  specified  building  or  buildings,  place 
or  places,  within  the  limits  of  this  insurance,  which  shall  at  the 
time  of  any  fire  be  insured  in  this  or  any  other  office. 

This  policy  does  not  cover  in  whole  or  in  part,  goods  on  which 
at  the  time  of  any  fire  there  may  be  any  marine,  inland  or  trans- 
portation insurance. 

This  policy  does  not  cover  in  the  building  or  premises  of  the 
New  York  Central  &  Hudson  River  Railroad  Co.,  at  St.  John's 
Park,  in  New  York  City;  nor  In  American  Dock  Stores,  Staten 
Island,  or  on  the  piers  in  front  of  said  stores ;  nor  in  any  grain 
elevator  or  elevator  store  or  graded  grain  store ;  nor  in  any 
furniture  storage  store ;  nor  in  any  building  occupied  wholly  or 
In  part  by  the  assured. 

Other  insurance  permitted  without  notice  until  required. 

GRADED  GRAIN  CLAUSE  FORM. 

On  graded  grain  the  property  of  the  Assured,  or  held  by 

In  trust  or  on  commission,  or  sold  and  not  delivered,  while  con- 
tained In  the  grain  store  system  of  the  Brooklyn  Wharf  &  Ware- 
house Company,  situate  In  the  Borough  of  Brooklyn,  New  York 
City. 

Subject  to  the  conditions  of  graded  grain  clause  below. 

It  is  understood  and  agreed,  that  this  policy  is  subject  to  the 
conditions  of  the  following  warehouse  receipt : 

"All  warehouse  receipts  for  graded  grain  which  shall  represent 
the  grain  as  stored  in  a  system  of  two  or  more  warehouses,  shall 
not  be  deemed  regular  unless  the  following  condition  Is  Incorpo- 
rated in  the  receipt. 

In  case  of  loss  or  damage  by  fire,  so  much  of  the  said  grain  as 
shall  bear  a  like  proportion  to  this  receipt,  as  the  lost  or 
damaged  grain  of  same  grade,  shall  bear  to  all  grain  of  like 
grade  in  this  system  of  warehouses  at  the  date  of  said  disaster 
shall  be  adjudged  lost  or  damaged,  and  the  obligation  to  deliver 
it  under  this  receipt,  except  as  salvage,  cancelled." 

It  is  also  understood  that  In  case  of  loss  under  this  policy,  this 
Company  shall  be  liable  only  for  such  proportion  of  the  whole 
loss  as  the  amount  of  this  insurance  bears  to  the  cash  value  at 
the  time  of  the  fire  of  the  whole  property  to  which  this  policy 
applies,  but  not  exceeding  the  proportion  which  this  policy  bears 
to  the  whole  amount  of  insurance  thereon. 


FORMS.  101 


Tt  is  further  understood  that  what  is  known  as  identity  pre- 
served grain,  is  not  covered  by  this  policy. 

Other  insurance  permitted  without  notice  until  required.  6-30-99. 

MANUFACTURING  FLOATER  FORM. 

No  manufacturing  floaters  can  be  written  except  under  the 
exact  form  given  below  and  at  the  rate  4.00. 

Members  may  not  change  the  form  in  any  way  even  by  charg- 
ing a  higher  rate. 

On 

and  on  Goods  and  Materials  for  making  same,  finished  and  unfin- 
ished, the  property  of  the  assured  or  held  by  the  assured  in  trust 
while  in  possession  of  other  parties  to  be  made  up,  and  while  con- 
tained in  any  building  in excepting  any  place  or 

building  used  for  a  prison  or  penal  institution,  and  excepting  in 
any  building  occupied  in  whole  or  in  part  by  the  assured. 

This  policy  does  not  apply  to  or  cover  in  any  premises  where 
the  above  goods  or  materials  are  sent  for  the  purpose  of  being 
cleaned,  sponged,  dyed,  shrunk  or  refinished;  nor  while  in  any 
express  office  or  depot,  nor  while  in  charge  of  any  express  or  rail- 
road company  or  other  common  carrier. 

It  is  further  expressly  understood  and  agreed  that  this  insur- 
ance shall  not  cover  on  any  lot  or  parcel  of  goods  which  shall  be 
more  specifically  or  definitely  located  or  described  in  any  other 
insurance  in  this  Company,  or  in  any  other  Company  or  Associa- 
tion, excepting  on  the  excess  of  value  of  such  property  over  and 
above  such  specific  insurance,  and  this  Company  shall  only  be 
liable  on  such  specifically  insured  property  for  its  share  of  such 
loss,  after  all  such  specific  insurance  is  exhausted. 

Also  that  wherever  this  insurance  may  cover,  not  more  than 

§ (10  per  cent,  of  the  face  of  the  policy)  shall  apply  or  cover 

in  any  one  building,  and  in  no  event  shall  this  Company  be  liable 
for  any  greater  proportion  of  any  loss  than  the  amount  insured 
bears  to  the  actual  cash  value  of  all  the  property  covered  by  this 
policy. 

Other  insurance  permitted  without  notice  until  required. 

If  a  Manufacturing  Floater  is  written  to  cover  in  any  portion  of 
the  territory  under  the  jurisdiction  of  this  Exchange,  such  Floater 
must  conform  strictly  to  above  form,  and  the  limit  of  cover  thereof 
shall  be  10%  of  the  face  of  the  policy,  and  any  change  in  such  form 
or  limit  will  be  considered  a  violation.  A.  C.  9-14-01. 

PAWNBROKERS'    FORM. 

The  following  form  for  Pawnbrokers  must  be  used  whether 
risks  are  rated  specifically  or  by  card  or  under  minimums.  4-20-OOt 


POEMS.  102 


$ On  the  Right  and  Interest  of  the  assured  In  the  articles  and 

stock  of  merchandise,  hazardous  and  extra  hazardous 
(merchandise  in  fire  proof  safes  excepted),  held  In  trust  op 
In  pledge  by  said  assured  as  pawnbrokers,  Including  in- 
terest accrued  thereon  as  allowed  by  law. 

$ On  the  Right  and  Interest  of  the  assured  in  the  articles 

and  stock  of  merchandise,  hazardous  and  extra  hazardous, 
in  fire  proof  safes  only,  held  in  trust  or  in  pledge  by  said 
assured  as  pawnbrokers,  including  interest  accrued  thereon 
as  allowed  by  law. 
$. . .  .On  merchandise  hazardous  and  extra  hazardous  the  property 

solely  of  said  assured  all  contained  in  the 

building,  privileged  to  be  occupied  as 

situate 

This  insurance  does  not  protect  the  interest  of  parties  whose 
goods  are  pledged  to  the  assured ;  nor  does  It  cover  the  excess  of 
the  amount  loaned,  with  its  lawful  accrued  interest,  upon  any 
article  above  the  sound  value  of  the  same  at  the  time  of  any 
fire.  3-15-00. 


POLICY  FORM  OUTSIDE  DRY  GOODS  DISTRICT. 

All  policies  on  stocks  governed  by  General  Minimum  Rates 
must  describe  the  same  in  the  form  as  follows : 

"  On  stock  of  merchandise  consisting  principally  of 

(naming  stock)." 

In  policy  forms  on  risks  outside  the  Dry  Goods  District,  if  any 
reference  is  made  In  the  policy  form  to  the  Class  of  Hazards,  on 
merchandise  governed  by  general  minimum  rates  (except  listed 
storage  stores),  the  minimum  rates  on  such  merchandise  shall  be 
1.50. 

Whenever,  under  the  terms  of  the  above  rule,  any  of  the  words, 
not  hazardous,  hazardous,  extra  hazardous  or  specially  hazardous  are 
used,  even  when  the  principal  stock  is  named  under  the  General 
Minimum  rates,  the  rate  must  be  1.50,  unless  there  is  an  occupant 
or  a  specific  rate  In  the  building  to  make  the  rate  higher,  in  which 
case  the  higher  rate  shall  prevail. 

The  addition  of  the  words  "and  on  any  and  all  merchandise,' ' 
or  of  "and  other  merchandise  hazardous  and  extra  hazardous," 
or  of  any  similar  phrase  enlarging  the  application  of  forms  covering 
on  stocks  governed  by  General  Minimums,  outside  of  Dry  Goods 
District,  is  a  violation.  R.  C.  4-5-00. 

Policy  Form  Outside  Dry  Goods  District  must  not  be  used  in 
writing  contents  of  coal  pockets,  contents  of  coal  yards,  contents 
of  lumber  yards,  or  contents  of  building  materials  yards.  9-11-01. 


REQUIREMENTS  IN  CORRECTION  OF 
DEFICIENCIES. 


The  requirements  which  follow  are  not  rules  of  the  Exchange, 
but  working  rules  for  Manager's  office,  liable  to  change  as  new 
conditions  may  rise,  and  inserted  in  this  Hand  Book  as  a  matter 
of  convenient  reference  to  save  Members  the  necessity  of  con- 
stantly enquiring  how  improvements  may  be  effected. 

Where  deficiencies  are  charged  for  in  a  risk  rated  by  any  other 
than  Mercantile  Schedule  a  reduction  of  such  charges  may  be 
allowed  if  the  deficiencies  are  remedied  in  accordance  with  the  fol- 
lowing requirements. 

When  an  inspection  is  made  unnecessarily,  by  reason  of  being 
asked  for  before  premises  are  ready,  or  before  improvements  are 
completed,  a  charge  of  $1.00  for  such  unnecessary  inspection  will 
be  made,  and  another  inspection  of  the  risk  will  not  be  made 
within  two  months  unless  any  charges  standing  against  such 
risk  for  unnecessary  inspections  shall  have  been  paid.  It.  C.  9-24-00. 

Ashes. — Must  be  cared  for  in  metal  cans. 

Blower  System. — Must  be  provided  with  metal  conduits  con- 
necting each  machine  with  shavings  vault,  such  conduits  passing 
to  the  outside  of  building  at  each  floor. 

Boilers.— Must  be  outside  of  building,  or  if  located  in  extensions 
must  be  cut  off  by  standard  fire  door.  In  wood-working  estab- 
lishments a  door  must  be  provided  at  each  side  of  the  communi- 
cating opening. 

Buckets.— There  must  be  two  buckets  of  at  least  10  quarts 
capacity  on  each  floor,  including  basements,  for  each  1,000  square 
feet  of  floor  area,  same  placed  on  permanent  shelves,  hooks  or 
racks  elevated  not  less  than  2  feet  nor  more  than  43^  feet  above 
the  floor.  Buckets  to  be  painted  red  and  marked  "Fire"  with 
letters  not  less  than  2%  inches  in  height,  to  be  kept  full  of  clean 
water  and  inspected  once  a  week.  Wooden  buckets  will  not  be 
accepted. 

In  rendering  establishments,  paint,  oil,  and  varnish  stocks, 
or  any  other  place  where  inflammable  liquids  form  part  of  the 

103 


REQUIREMENTS  IN   CORRECTION  OF  DEFICIENCIES.  104 

stock,  one-half  of  the  number  of  buckets  to  be  filled  with  sand 
instead  of  water. 

If  water  in  buckets  is  likely  to  freeze  in  cold  weather,  enough 
salt  to  be  mixed  therewith  to  prevent  freezing. 

Ceilings  or  Side  Walls.— Must  not  be  made  of  paper  or  cloth  or 
wood. 

Communications.— Must  be  provided  with  standard  fire  doors 
at  each  side  of  the  Trail  constructed  and  installed  in  accordance 
with  rules  of  the  New  York  Board  of  Fire  Underwriters. 

Condition.— Premises  must  be  cleaned  up  and  kept  clean. 
Stove  pipe  holes  must  be  closed  up.  Sawdust  must  not  be  used 
in  spittoons  or  for  catching  oil  or  drippings.  Broken  plastering 
must  be  repaired. 

Drying.— Drying  rooms  must  be  constructed  in  accordance 
with  the  requirements  of  the  New  York  Board  of  Fire  Under- 
writers. 

Fire  Heat.— Glue  must  be  heated  by  steam.  Melting  of  pitch, 
rosin,  wax,  paraffine,  sulphur,  etc.,  must  be  by  a  safe  method. 
Soldering  irons  must  be  heated  by  stationary  gas  mufflers.  All 
low  gas  stoves  shall  be  placed  on  iron  stands  or  the  burners  shall 
be  at  least  6  inches  above  the  base  of  the  stoves  and  a  metal 
guard  placed  4  inches  below  the  burners,  and  all  woodwork  under 
them  shall  be  covered  by  metal.  Connections  must  be  made  by 
iron  piping ;  rubber  tubing  must  not  be  used. 

Floes.— Chimneys  must  be  built  of  brick  and  rest  on  the  ground. 
Stove  pipes  must  run  horizontally  into  the  chimney.  Stove  pipes 
must  not  run  through  floors  or  partitions. 

Floor  Openings.— Openings  for  stairways,  elevators,  dummies, 
etc.,  must  be  closed  or  enclosed  so  as  to  prevent  the  spread  of  fire 
from  floor  to  floor.  Dumb  waiter  shafts  open  in  the  basement 
must  be  provided  with  the  same  kind  of  doors  as  floors  above. 
Hatches  with  automatic  attachments  must  be  arranged  to  close 
the  shaft  even  when  the  car  cable  is  down,  with  not  over  2  square 
inches  of  uncovered  opening. 

Gas  Brackets.— Open  gas  lights  in  show  windows  must  be  pro- 
tected by  globes.  Swinging  gas  brackets  must  be  made  station- 
ary or  proper  guards  must  be  provided  for  same.  Metal  must  be 
put  on  ceiling  over  all  gas  jets  less  than  three  feet  below  same. 

Heating.— Steam  heat  must  be  substituted  for  stoves  or 
furnaces  to  secure  removal  of  charge  for  latter. 

Lighting.— Gas  or  electric  lamps  must  be  substituted  for  oil 
lamps. 

Oily  Waste,  or  Rags.— Must  be  cared  for  in  self-closing  metal 
cans. 


REQUIREMENTS   IN   CORRECTION   OP  DEFICIENCIES.  105 

Packing  Materials.— For  loose  packing  material  wherever  used  a 
covered  bin  must  be  provided,  not  larger  than  4x4x4  feet  (64  cubic 
feet)  lined  with  heavy  tin  extending  well  over  edges  of  the 
same,  joints  locked  and  tin  nailed  under  joints  in  the  same  man- 
ner that  the  covering  is  applied  to  standard  fire  doors.  Cover 
must  have  substantial  fastenings  and  fit  closely. 

Shavings  Vault.— Must  be  of  brick,  ventilated,  and  located  out- 
side of  building.  If  adjoining  boiler-house  the  opening  to  boiler- 
room  must  be  at  right  angles  to  fire-hole  of  boiler  and  not  nearer 
thereto  than  six  feet;  such  opening  to  be  protected  with  standard 
fire  door. 

Shutters.— All  openings  (windows,  etc.)  in  exterior  walls,  ex- 
cepting those  on  street  front,  must  be  provided  with  fire  shutters 
or  doors  constructed  and  attached  in  accordance  with  rules  of 
the  New  York  Board  of  Fire  Underwriters. 

Skylights.— Must  be  of  rough  glass  %  inch  thick  (wire glass  pre- 
ferred) supported  in  substantial  metal  frame,  but  when  over  ele- 
vator shafts,  thin  glass  in  metal  frame  with  wire  mesh  over 
should  be  used. 

Storage  of  Oils,  Etc.— All  oils,  varnishes,  turpentine,  alcohol  and 
similar  articles  must  be  stored  outside  of  buildings. 

Unsafe  Heating  Apparatus.— Flues,  stoves,  furnaces,  steam  pipes, 
etc.,  reported  unsafe  by  the  New  York  Board  of  Fire  Underwriters 
must  be  corrected  in  accordance  with  specifications  of  the  Heating 
Department  of  that  Board,  which  will  be  furnished  on  application 
to  the  Board,  and  which  must  be  signed  and  returned  when  fully 
complied  with. 

Watchman  and  Clock. — Watchman  must  be  maintained  nights, 
Sundays  and  holidays,  or  all  the  time  when  property  is  idle. 
Watchman  must  patrol  the  property,  making  records  once  each 
hour  on  an  approved  watch  clock,  records  to  be  dated  and  pre- 
served in  good  order  for  examination  by  inspectors. 

Watchman's  Lantern.— Must  be  of  protected  tubular  make,  and 
only  signal  or  sperm  oil  shall  be  used  therein. 


EXCHANGE   RATES  AS  RESTORED 
JANUARY  10th,  1900. 


1.  All  rates  as  they  appeared  on  cards  in  cabinets  at  time  of 
suspension  of  the  late  Tariff  Association,  are  re-adopted,  and  gen- 
eral reductions  of  30  per  cent,  or  10  per  cent,  thereon  are  with- 
drawn. (Allowances  for  Sole  Occupancy,  if  any ;  Automatic  Fire 
Alarm,  if  any ;  One  Hundred  Per  Cent.  Average,  if  any ;  and  Auto- 
matic Sprinklers,  if  any ;  from  the  original  card  rates  are  still  in 
order). 

2.  All  rates  published  since  March  8,  1899,  on  cards  bearing 
the  words  "Net  Exchange  Rates"  and  based  on  a  reduction  of 
30  per  cent,  from  original  card  rates  are  advanced  by  adding 
thereto  three-sevenths  (3/7)  of  their  present  amount. 

3.  All  rates  published  since  March  8, 1899,  on  cards  bearing  the 
words  "  Net  Exchange  Rates  "  and  based  on  a  reduction  of  10  per 
cent,  from  original  card  rates  are  advanced  by  adding  thereto 
one-ninth  (1/9)  of  their  present  amount. 

4.  The  rates  on  Listed  Storage  Stores  shall  be  as  follows,  sub- 
ject only  to  reduction  for  Automatic  Fire  Alarm  Clause : 

Building.  Contents. 

Cotton 1.25  1.25 

Fibre,  (other  than  cotton) 1.75  1.75 

5.  All  General  Minimum  Rates,  including  floaters,  stand  as 
printed  in  Hand  Book  subject  to  no  deduction. 

6.  Rates  on  (1)  Dwellings,  (2)  Stores  and  Dwellings,  and  (3) 
Private  Stables,  stand  as  printed  in  Hand  Book. 

7.  Stocks  and  contents  (other  than  household  furniture)  in 
Stores  and  Dwellings,  warranted  for  dwellings  exclusively  above 
grade  floor,  take  General  Minimum  Rates  without  any  reduction. 

8.  Rates  for  Buildings  in  Course  of  Construction  and  charges 
for  Builders  Risk  are  to  be  treated  as  General  Minimum  Rates 
and  not  advanced. 

9.  Buildings  specifically  rated  by  cards  in  cabinet  as  in  Process 

106 


EXCHANGE     RATES     AS     RESTORED.  107 

of  Construction  need  not  have  three-sevenths  (3/7)  or  one-ninth 
(1/9)  added  to  the  rate. 

10.  The  Manager  is  authorized,  with  the  concurrence  and 
approval  of  the  Committee  on  Rates,  to  rate  new  risks,  or  fix 
rate  due  to  changes  of  occupancy  or  hazard,  by  the  same  sched- 
ules heretofore  used  by  the  late  Tariff  Association,  and  until  new 
schedules  shall  be  agreed  upon. 

Where  an  advance  of  one-ninth  is  asked  for  instead  of  three- 
sevenths  on  "Net  Exchange  Rates"  covering  fire-proof  buildings 
or  contents  thereof,  such  advance  must  not  be  allowed  at  the 
counter,  but  the  risk  may  be  bound  subject  to  rate,  and  such  rate 
must  at  once  be  applied  for  to  the  Manager.  This  is  rendered 
necessary  by  the  fact  that  in  rating  fire-proof  buildings  the  floors 
are  treated  separately,  and  there  is  nothing  on  cards  in  cabinets 
to  indicate  whether  the  reduction  made  in  arriving  at  Net 
Exchange  Rate  on  a  particular  floor  was  10  per  cent,  or  30  per 
cent.  A.  C.  2-21-00. 

Where  a  premium  calculated  at  proper  tariff  rate  results  in  a 
fractional  part  of  a  cent,  if  such  fraction  is  less  than  %  cent  it  shall 
be  dropped  from  the  premium,  but  if  equal  to  or  exceeding  3^  cent  a 
full  cent  shall  be  added  to  the  premium.  A.  C.  2-21-00. 

When  an  allowance  under  the  rules  for  approved  improve- 
ments is  claimed  in  the  case  of  policies  issued  at  Exchange  rates 
before  Jan.  10,  1900,  such  allowance  may  be  made  upon  the  basis 
of  the  net  rate  at  which  the  policies  were  issued.         A.  C.  2-21-00. 

In  case  of  an  increase  of  rate  under  a  policy  issued  at  Exchange 
rate  before  Jan.  10, 1900,  such  increase  shall  be  added  to  the  net 
rate  at  which  such  policy  was  issued.  A.  C.  3-1-00. 

The  warranty  for  dwelling  occupation  required  upon  policies  cov- 
ering on  or  in  buildings  occupied  as  dwellings,  flats,  tenements,  or 
as  stores  below  with  exclusively  dwellings  above,  must  be  given 
in  words  of  warranty  and  not  in  words  of  agreement.  A  clause 
reading  "It  is  understood  and  agreed  that  the  above  described 
buildings  is  occupied  exclusively  for  dwelling  purposes"  is  a  vio- 
lation. A.  C.  4-17-00. 

Where  a  card  is  marked  "Net  Exchange  Rates"  and  the  rate 
named  on  such  card  includes  an  allowance  for  sole  occupancy  the 
addition  of  three-sevenths  or  one-ninth  to  that  rate  will  not  pro- 
duce the  correct  (restored)  rate,  and  application  must  be  made  to 
the  Manager  in  order  that  the  correct  rate  may  be  printed  with 
sole  occupancy  properly  allowed  for.  5-14-00.    (7-20-01.) 

The  Dwelling  Warranty  reads  as  follows : 

"Warranted  by  the  assured  that  the  within  described  building 
is  occupied  exclusively  for  dwelling  purposes  by  not  more  than 
two  families." 


EXCHANGE     RATES     AS     RESTORED.  108 

The  Flat  House  Warranty  reads  as  follows:— "Warranted  by 
the  assured  that  the  within  described  building  is  occupied  exclu- 
sively for  dwelling  purposes." 

The  presence  of  boarders  in  a  dwelling  warranted  as  such  does 
not  remove  such  risk  from  the  dwelling-house  class.  6-3-02. 

EXCHANGE  RATES  IN  NEW  JERSEY  TERRITORY. 

Beginning  July  2d,  1900,  all  card  and  minimum  rates  covering 
risks  located  in  New  Jersey  are  advanced  33  1/3  per  cent,  and 
policies  must  be  written  accordingly.  If  a  Co-Insurance  Clause  is 
attached  to  policies  the  advanced  rates  shall  be  subject  to  a  re- 
duction of  25  per  cent,  for  the  80  per  cent.  Co-Insurance  Clause, 
and  of  323^  per  cent,  for  the  Full  Co-Insurance  Clause.  Such 
advance  does  not  apply  to  rates  covering  Household  Furniture 
in  Use  in  Living  Apartments,  and  rates  on  such  Household  Furni- 
ture shall  not  be  subject  to  the  deductions  named  for  Co- 
Insurance. 

The  deduction  for  Full  Co-Insurance  on  floating  policies, 
policies  covering  in  two  or  more  buildings  not  communicating, 
contents  of  public  or  private  storage  stores,  and  grain  elevators, 
merchandise  on  or  contents  of  piers,  rents,  and  manufacturing 
jewelers'  stocks  in  fire-proof  safes,  shall  be  the  same  as  for  80  per 
cent.  Co-Insurance,  viz.,  25  per  cent.  R.  C.  6-25-00. 

"Wherever  in  the  ratings,  rules  and  rulings  of  this  Exchange 
the  words  "80  per  cent,  co-insurance"  occur  the  words  "80  per 
cent,  average"  are  hereby  substituted,  and  wherever  the  words 
"full  co-insurance"  occur  the  words  "one  hundred  per  cent, 
average"  are  hereby  substituted  therefor,  except  where  such 
ratings,  rules  and  rulings  apply  to  risks  situate  in  New  Jersey,  or  to 
Floater  Forms  Nos.  1  to  8  or  risks  insured  thereunder."  3-13-02. 


GENERAL  MINIMUM  RATES. 

AS  REVISED  APRIL  30th,  1902. 


These  General  Minimum  Rates  apply  throughout  the  entire 
Area  of  Operation  of  the  Exchange  except  New  York  Dry  Goods 
District,  and  except  where  superseded  by  specific  rates. 

All  merchandise  stocks  and  other  risks  mentioned  under  this 
head  must  be  written  at  a  rate  not  less  than  the  minimum 
stated. 

Where  a  stock  consists  of  various  hazards  the  minimum  apply- 
ing to  the  greatest  portion  of  the  stock  shall  prevail. 

Where  a  dagger  (f)  is  prefixed  a  deduction  of  5  cents  is  allow- 
able for  sole  occupancy. 

The  star  (*)  prefixed  to  certain  stocks  concerns  the  computa- 
tion of  the  building  rate.  This  star  must  not  be  confounded  with 
the  star  in  Classes  of  Hazards  as  issued  by  the  New  York  Board 
of  Fire  Underwriters. 

Minimum  rates  do  not  affect  other  contents  of  lesser  hazard 
unless  the  minimum  so  specifies. 

All  buildings  in  entire  Metropolitan  District  not  rated  by  gen- 
eral minimum  or  specific  rate,  contents  of  same  being  rated 
(whether  by  specific  rate,  minimum,  Class  of  Hazards,  or  Dry 
Goods  District),  are  rated  as  follows:  Brick  buildings,  40%  of 
highest  contents  rate;  but  in  risks  written  under  general  mini- 
mum stocks  marked  in  the  list  of  general  minimums  with  a  star 
shall  not  operate  to  rate  the  building  containing  them  higher 
than  24  cents.  No  building  under  this  rule  shall  rate  below  20 
cents.    For  frame  buildings,  see  page  110.  5-29-95. 

Where  in  the  list  of  minimums  a  special  minimum  rate  is  men- 
tioned for  building  (as  in  the  case  of  hospitals,  schools,  lodging 
houses, etc.),  the  same  applies  only  to  brick  buildings,  and,  unless 
otherwise  specified,  frame  or  brick  and  frame  buildings  in  such 
cases  take  the  same  rate  as  contents.  5-29-95. 

Minimum  Rates  for  contents  of  frame,  or  of  brick  and  frame, 
buildings,  occupied  for  mercantile  or  manufacturing  purposes, 

109 


GENERAL     MINIMUM     RATES.  110 

shall  be  increased  25  per  cent,  over  the  rates  for  similar  contents 
in  brick  buildings,  except  where  the  minimum  given  in  Hand 
Book  is  specifically  stated  to  apply  to  contents  of  a  frame,  or 
brick  and  frame,  building. 

The  rates  on  frame,  and  brick  and  frame,  buildings,  occupied 
for  mercantile  or  manufacturing  purposes,  and  on  household  furni- 
ture therein,  shall  be  the  same  as  the  lowest  minimum  rated  con- 
tents thereof ,  except  where  the  building  is  occupied  in  part  by  any 
of  the  following,  in  which  case  they  (meaning  building  and  house- 
hold furniture)  shall  take  the  rate  of  the  highest  rated  contents, 
viz.: 

Bakeries,  other  than  retail, 

Furniture  Stores, 

Hay  and  Straw  Dealers, 

Junk  Stores, 

Oil  and  Petroleum  Stores, 

Oiled  Clothing  Stores, 

Painters'  Supply  Stores  and/or  Painters  other  than  that  of 
jobbing  Painter  not  keeping  supplies, 

Photograph  Galleries, 

Printers, 

Rags,  Waste  and  Paper  Stock  Dealers, 

Upholsterers,  and/or  Mattress  Makers, 

Woodworkers. 

Contents  (other  than  household  furniture)  of  frame,  or  brick 
and  frame,  stores  and  dwellings,  must  be  advanced  25%  over  the 
General  Minimum  Rates  named  in  Hand  Book. 

Brick  buildings  occupied  solely  as  Raines  Law  Hotels  are  sub- 
ject to  the  minimum  rate  of  24  cents  per  annum,  or  60  cents  for 
three  years.  R.  C.  5-6-01. 

Where  defects  of  heating,  electrical  or  other  apparatus  in  mini- 
mum rated  risks  are  reported  by  the  New  York  Board  of  Fire 
Underwriters,  a  specific  rate  based  upon  the  addition  to  the  mini- 
mum rate  of  at  least  33%  per  cent,  shall  be  made  therefor ;  such 
specific  rate  to  stand  until  a  Certificate  from  the  Board  that  such 
defects  have  been  corrected  is  presented  to  the  Manager,  when 
such  rate  may  be  withdrawn.  1-12-01. 

When  charges  for  Unsafe  Heating  Apparatus  originate  with 
the  New  York  Board,  the  rate  card  in  cabinet  covers  a  reference 
to  the  Board  Slip  reporting  the  risk  and  in  such  case  the  Board 
must  be  consulted  as  to  how  to  remedy  the  faulty  conditions. 
Where  no  reference  is  made  on  the  card  to  the  Board  Slip,  the 
charge  originates  with  the  Exchange  and  this  office  should  be  con- 
sulted as  to  a  remedy.  6-16-02. 


GENERAL     MINIMUM     RATES.  Ill 

Academies.    Building 25 

Contents 40 

fAcids— nitric,  muriatic,  and  sulphuric 1  00 

fAgents*  Stocks,  shipping,  No  fibre 75 

With  fibre 1  50 

fAgricultural  Implements,  excluding  seeds 60 

fAlcohol 1  00 

f  Aniline  dyes 75 

Animals  (Pet)  and  Birds 2  00 

-f  Antimony 25 

Antimony  if  written  specific  and  with  100  per  cent.  Average 
Clause  as  follows : 

In  Private  Storage  Stores 25 

In  fibre  stores  30  per  cent,  discount  from  established  storage 

rates. 
On  piers,  30  per  cent,  discount  from  contents  rate  of  pier. 
When  Antimony  is  contained  in  non-fibre   listed    storage 
stores  it  shall  be  written  at  proper  addition  to  Base  Rate 
of  charge  named  therefor  in  the  Alphabetical  List. 

f  Apothecary 75 

Armories.    Building 40 

Contents 75 

*f  Art  Goods  and  Pictures 1  25 

♦fArtificial  Flowers 1  50 

fArtificial  Limbs,  Trusses 1  00 

f  Artists' and  Photo.  Supplies 1  25 

Artists'  Studios,  except  in   buildings    occupied   solely  as 

dwellings 1  25 

All  contents  of  a  studio  must  be  written  at  the  studio  rate. 
Household  furniture  in  studios  may  not  be  written  at  a 
lower  rate 

Asylums.    Building 25 

Contents 40 

fAuction  Goods,  general 1  25 

fAuction  Goods,  package 75 

Automobiles  and/ or  Similar  vehicles  propelled  by  the  use  of 
gasolene,  naphtha,  or  other  volatile  hydro-carbon  oils 
Privilege  to  keep  may  be  granted  as  follows,  subject  to 
the  charges  named. 
Privilege  to  keep  not  exceeding  one  such  vehicle  in  a  private 
stable  with  warranty  to  keep  gasolene  and  fill  tanks  in 
accordance  with  the  requirements  of  the  New  York  Board 

of  Fire  Underwriters 10c.  per  $100. 

Privilege  to  keep  not  exceeding  three  such  vehicles  in  a  private 


GENERAL     MINIMUM     RATES.  112 

stable  or  in  a  building  not  occupied  for  mercantile  or  man- 
ufacturing purposes,  with  warranty  to  keep  gasolene  and 
fill  tanks  in  accordance  with  the  requirements  of  the  New 

York  Board  of  Fire  Underwriters 25c.  per  $100. 

Each  vehicle  in  excess  of  three,  with  warranty  as  above, 
five    cents    additional    not    exceeding    a    total    charge 

of $1.00  per  $100. 

Privilege  to  house  not  exceeding  one  such  vehicle  in  a  build- 
ing occupied  for  mercantile  or  manufacturing  purposes, 
with  warranty  that  no   filling  of   tanks  or  storage  of 

gasolene  shall  be  allowed  on  the  premises 25c.  per  $100. 

The  above  charges  are  annual  charges  and  must  be  increased 

on  term  policies  in  the  same  ratio  as  other  term  rates. 
Privilege  to  house  such  vehicles  with  warranty  that  no 
filling  of  tanks  or  storage  of  gasolene  other  than  what 
may  be  contained  in  the  fuel  tanks  of  the  vehicles  them- 
selves, may  be  granted  on  policies  covering  in  private 
stables,  or  in  buildings  not  occupied  for  mercantile  or 
manufacturing  purposes,  at  one-half  the  charges  provided 
for  above. 
Privilege  to  keep  automobiles  in  a  livery  stable  is  subject  to 
charges  required  above  "in  a  building  not  occupied  for 
mercantile  or  manufacturing  purposes." 

f  Awnings  or  Flags 75 

fBags  and  Trunks 75 

f Bakeries,  retail 75 

Bakeries,  Steam,  Bread  or  Pie 1  25 

Bakeries,  Steam,  Cracker 1  75 

Banks— see  Offices. 

fBarbers  or  Hair  Dressers 75 

fBarbers'  Supplies 1  00 

f  Baskets 1  25 

Baths— see  Floating  Baths. 

fBedding,  without  feather  steaming 1  50 

fBeer  and  Liquor  Saloons 60 

fBelting  and  Hose,  rubber  exclusively 50 

fBicycles  and  Bicycle  Supplies 75 

f Billiard  Rooms 50 

Birds  and  Pet  Animals 2  00 

Blacksmiths  or  Horseshoers— see  "Horseshoers  or  Black- 
smiths." 

Blank  Book  Factories,  Machinery 1  00 

Other  Contents 1  50 


GENERAL     MINIMUM     EATES.  113 

fBlinds,  Doors  or  Sashes 1  00 

fBlockTin 25 

Block  Tin  if  written  specific  and  with  100  per  cent.  Average 
Clause  as  follows : 

In  private  Storage  Stores 25 

In  fibre  stores,  30  per  cent,  discount  from  established  storage 

rates. 
On  piers,  30  per  cent,  discount  from  contents  rate  of  pier. 
When  Block  Tin  is  contained  in  non-fibre  listed  storage  stores 
it  shall  be  written  at  proper  addition  to  Base  Rate  of 
charge  named  therefor  in  the  Alphabetical  List. 

Blowers,  ornamental  glass 1  50 

Boathouses,  Building  and  Contents 3  00 

fBone  and  Ivory  Goods 75 

Bookbinders— Machinery 1  00 

Other  Contents 1  50 

fBooks,  general  stock,  sales,  publishers  and  stationers 75 

♦fBooks,  religious,  with  religious  ornaments 1  00 

fBoots  and  Shoes 50 

Bottling 75 

fBowling  Alleys 75 

fBrass  in  Pigs 25 

Brass  in  Pigs— if  written  specific  and  with  100  per  cent. 

Average  Clause  as  follows : 
In  Private  Storage  Stores,  25  cents. 
In  fibre  stores,  30  per  cent,  discount  from  established  storage 

rates. 
On  piers,  30  per  cent,  discount  from  contents  rate  of  pier. 
When  Brass  in  Pigs  is  contained  in  non-fibre  listed  storage 
stores  it  shall  be  written  at  proper  addition  to  Base  Rate 
of  charge  named  therefor  in  the  Alphabetical  List. 

fBrass— sheet,  bar  or  rod 40 

fBrass  Goods,  in  packages 50 

fBrass  Goods,  open 75 

Bread  and  Pie  Bakeries,  Steam 1  25 

Breweries,  frame,  Building 1  25 

Contents 1  25 

Brick  building 75 

Contents 1  00 

Breweries,  Storage,  Cooling,  or  Ice  Houses  of  same  when 
entirely  cut  off : 

Contents 60 

Buildings 40 

Brewers'  Floaters  (see  Floating  Policies). 


GENERAL     MINIMUM     RATES.  114 

fBrewers'  Supplies 75 

f  Bric-a-brac 1  25 

fBritannia  Ware 50 

fBrokers'  Samples,  Cotton 1  50 

f  Bronzes 50 

fBroom  Corn 1  50 

f  Brushes 75 

Building   Materials— Cement,    Hair,    Lime,    Lath,    Brick, 

Second-hand  Lumber  and  Plaster 1  50 

Buildings  in  course  of  construction,  see  page  48. 

Buildings  Unoccupied  (not  to  include  buildings  in  course  of 

construction  or  dwellings) 30 

Bulkheads,    next    water   front,    unless    specifically   rated, 
class  same  as  piers  or  wharves,  open  or  covered. 

fButter 50 

fButtons 75 

fCabinet  Makers'  Supplies 75 

f Cabinet  Ware,  sales  only,  no  privilege  for  work 1  25 

Privilege  to  varnish,  oil  and  upholster 1  75 

Candy  Factories,  steam  power,  Contents 2  00 

Buildings 1  50 

f-Candy  and  Confectionery  stocks,  retail  (no  mfg.) 60 

*fCandy  stocks— retail  (manufacturing) 75 

fCane  Stocks 75 

fCanned  Goods  only 75 

fCaps  or  Hats 75 

fCarpets,  Oil  Cloth,  Matting  or  Linoleum 50 

fCarriage  Trimmings 75 

Carriages,  privilege  to  varnish  and  upholster 2  00 

•{•Carriages  and  Sleighs 75 

Car  Stables  (Horse)  building  and  contents 1  50 

f Caskets  or  Coffins  (see  Coffins  or  Caskets). 

fCassimeres  and  Cloths 40 

Cattle,  live 75 

fChamois  Leather  and  Sponges 75 

fChandlery,  Ship 1  50 

f  Cheese 50 

fChemicals  and/ or  Drugs. 

See  Drugs  and/or  Chemicals. 

f  China,  Crockery  and  Glassware,  in  packages  and  open 1  00 

*fChinese,  J  apanese  and  Oriental  Goods 1  25 

Churches,  warranty  to  be  heated  by  steam : 

Brick:    Building 40 

Furniture 50 


GENERAL     MINIMUM     RATES.  115 

Organ 75 

Frame:    Building 60 

Furniture 60 

Organ 1  00 

If  heated  by  furnaces  or  stoves,  add  25  per  cent. 
(Exchange  form  must  be  used.) 

*+Church  ornaments 1  00 

fCigars 75 

agar  Factories 1  50 

Stock  and  fixtures  in  buildings  occupied  by  tenants  as 
dwellings  and  for  the  manufacture  of  cigars,  commonly 
called  tenement  house  cigar  factories  (see  also  page  54)..      75 

Cigarette  and  Tobacco  Factories 2  00 

Cleaning  and  Dyeing 2  00 

fClocks 50 

fClothingand  Cloaks 1  00 

Clothing  Floater— See  Floating  Policies. 

Clothing  Manufacturing — Buildings  occupied  for  manufacture  of 
clothing  and  not  specifically  rated  take  the  minimum  rate 
for  "  sweat  shops,"  viz.,  4.00  on  brick  and  5.00  on  frame,  and 
they  must  be  written  at  those  rates  unless  specific  rates  are 
asked  for  and  made. 

*fCloth  Patterns 1  00 

fCloths  and  Cassimeres 40 

fCloths  with  Tailors'  Trimmings 75 

Club  Houses.    Building 25 

Contents 40 

Coal  Pockets 1  50 

Coal  Trestle  on  a  Pier— rate  of  Pier. 

Coal  Yards,  Office,  Stable  and  Sheds 1  50 

fCoffee,    Spices   and    Teas,  wholesale   or   retail,    including 

sample  stocks 60 

fCoffms  and  Caskets 1  00 

fCoflms  and  Caskets  with  warranty  for  no  woodworking 

or  varnishing 60 

Cold  Storage  Stores : 

All  contents,  including  machinery 1  00 

Building 40 

Cold  Storage  in  Listed  Storage  Stores 60 

Colleges.    Building 25 

Contents 40 

Commissions  and  Profits,  see  page  54. 
Common  Carriers,  see  page  91. 
*fConfectioners,  Supplies 1  00 


GENERAL     MINIMUM     RATES.  116 

*fConfectionery— other  than  retail  candy  stocks 1  00 

(See  Candy  stocks— retail.) 

Convents.    Building 25 

Contents 40 

Cooperage  (stocks  only) 1  00 

fCopper  in  Ingots,  Cakes  and  Bars 25 

Copper  in  Ingots,  Cakes  and  Bars,  if  written  specific  and 

with  100  per  cent.  Average  Clause  as  follows : 
In  Private  Storage  Stores,  25  cents. 
En   fibre   stores,  30   per   cent,    discount   from    established 

storage  rates. 
On  piers,  30  per  cent,  discount  from  contents  rate  of  pier. 
When  Copper  in  Ingots  is  contained  in  non-fibre  listed  stor- 
age stores  it  shall  be  written  at  proper  addition  to  Base 
Rate  of  charge  named  therefor  in  the  Alphabetical  List. 

fCordage 75 

fCork  and  Corkwood 75 

Cornice  Makers 1  00 

fCorsets , 75 

*fCostumes  or  Theatrical  Goods 1  50 

fCotton  and  Wool  Yarns 50 

fCotton  Bats  and  Wadding 1  25 

fCotton  Brokers'  Samples  (exceeding  250  lbs.) 1  50 

fCountry  Produce 50 

Covered  Piers  and  Wharves  (see  Wharves  and  Piers). 

Cracker  Bakery,  Steam 1  75 

fCrockery,  China  and  Glassware,  in  packages  and  open 1  00 

Crude  Rubber 25 

Crude  Rubber — if  written  specific   and  with  100  per  cent. 

Average  Clause  as  follows: 
In  Private  Storage  Stores,  25  cents. 
In  fibre  stores,  30  per  cent,  discount  from  established  storage 

rates. 
On  piers,  30  per  cent,  discount  from  contents  rate  of  pier. 
When  Crude  Rubber  is  contained  in  non-fibre  listed  storage 
stores  it  shall  be  -written  at  proper  addition  to  Base  Rate 
of  charge  named  therefor  in  the  Alphabetical  List. 

*fCurios 1  25 

fCurled  Hair 75 

fCurtains,  Laces  and  Embroideries 75 

Custom  Duties  paid  or  to  be  paid  to  United  States  Govern- 
ment on  merchandise — same  rate  as  stock. 

fCutlery,  Surgical  Instruments  and  Optical  Goods 1  00 

*fDecorations  and  Paper  Hangings 1  25 


GENERAL     MINIMUM     RATES.  11? 

fDelicatessen 60 

fDental  Materials 75 

Dentists'  and/or  Physicians'  tools,  materials  and  appara- 
tus, when  written  specifically  and  when  located  in 
dwellings  or  in  buildings  occupied  as  stores  on  the  first 
floor  with  exclusively  dwellings  above,  and  so  war- 

ronted  in  policy 50 

Where  the  assured  makes  his  home  on  the  premises,  dental 
tools  or  physicians' implements  may  be  written  at  same  rate 
as  household  furniture  (no  change  in  warranty  for  dwellings 
or  store  with  exclusively  dwellings  above  being  required), 
but  when  such  dentist  or  physician  rents  an  oflice  in  a 
building  apart  from  his  home  such  risk  shall  be  considered 
business  occupancy,  and  written  at  the  minimum  named 
above  or  at  specific  rate  obtained  from  the  Exchange. 
Diamonds  unset,  covering  specifically  while  in  fire-proof 
safes,  20  cents,  subject  to  no  deduction  except  10  per 
cent,  for  100  per  cent.  Average  Clause  (applies  to  no 
other  precious  stones). 

f  Dining  Rooms 75 

fDoors,  Sash  or  Blinds 1  00 

Dredges,  steam 1  50 

fDressmakers 80 

Where  dressmaking  is  carried  on  with  not  more  than  five 
hands  in  living  apartments  of  buildings  otherwise  occupied 
exclusively  as  dwellings  and/ or  as  stores  with  exclusively 
dwellings  above  grade  floors  such  limited  occupancy  shall 
not  affect  the  rate,  providing  there  is  no  salesroom  in  con- 
nection with  the  business  named;  and  the  usual  com- 
mission payable  upon  dwellings  or  stores  with  exclusively 
dwellings  above  may  be  allowed  upon  policies  covering 
such  limited  occupancy. 

fDress  Trimmings 75 

fDried  Fruit 60 

Druggists,  retail.    See  Apothecaries 75 

fDruggists'  Sundries 1  00 

fDrugs,  dry 1  00 

fDrugs  and /or  Chemicals,  wholesale,  with  warranty  that 
fulminates  of  silver  or  mercury,  ethers,  sweet  spirits  of 
nitre,  nitro-benzole,  methylic  alcohol,  bi-sulphide  of 
carbon,  metallic  potassium,  metallic  sodium,  quicklime, 
phosphorus,  bi-chloride  of  tin,  saltpetre,  nitrate  of 
potash,  nitrate  of  soda,  nitrate  of  ammonia,  chlorate 
of  potash,  and  other  chlorates,  shall  not  be  stored  on 


GENERAL     MINIMUM     RATES.  118 

premises 1  50 

With  warranty  that  same  are  stored  in  vault  under 

sidewalk,  cut  off  with  approved  doors 1  75 

Without  any  warranty 2  50 

fDry  Colors,  Paints  and  Varnishes 1  50 

Dry  Docks,  structure  and  contents 1  00 

fDry  Drugs 1  00 

fDry  Goods 75 

Dwellings  (other  than  in  Long  Island  City),  with  warranty 
that  building  is  occupied  exclusively  for  dwelling  purposes 
by  not  more  than  two  families. 
Brick,  Stone  or  Iron : 

Building 10 

Household  Furniture 16 

Frame  or  brick  filled,  or  brick  and  stucco : 

Building 16 

Household  Furniture 20 

Flat  Houses  (other  than  Long  Island  City),  with  war- 
ranty that  building  is  occupied  exclusively  for  dwelling 
purposes. 

Brick . 15 

Household  Furniture 20 

Frame 20 

Household  Furniture 24 

A  Flat  is  denned  as  a  building  occupied  by  more  than  two 

families. 
Outbuildings    and    their   contents    on   the   same  lot  with 
dwelling  if  written  under  the  following  form: 

"On building,  located  on  the  same  lot  with  dwelling. 

Privilege  to  be  occupied   for   storage    of   garden   tools, 
Implements,  family  supplies    and    household   goods,  the 
property  of  the  occupant  of  said  dwelling." 
Brick,  Stone  or  Iron : 

Building 20 

Contents 26 

Frame  or  brick  filled : 

Building 32 

Contents 32 

Dwellings  with  Stores  on  grade  Floor  and  Basement;  see 
Stores  and  Dwellings. 

Dyeing  and  Cleaning 2  00 

Dyeing  and  Cleaning  Receiving  Stations,  with  warranty 

that  no  dyeing  or  cleaning  shall  be  done  on  the  premises      75 
fDyewoods  and  Dyestuffs 75 


GENERAL     MINIMUM    RATES.  119 

fEggS 50 

fElectric  and  Gas  Fixtures 80 

fElectrical  supplies  and  apparatus,  stocks  of. 80 

Elevators,  Grain,  (public)  building  and  contents 2  50 

fEmbroideries,  Curtains  and  Laces 75 

Envelope  Factories : 

Machinery 1  00 

Stock 1  50 

fEssential  Oils 1  00 

*fFeathers,  Raw,  except  ostrich 1  50 

Raw  Ostrich 50 

f  Feed  Stores,  if  warranted  that  hay  and  straw  shall  not  be 

kept  on  the  premises 60 

(If  no  warranty,  take  rate  for  "  Hay  and  Straw  "  on  page  123. ) 
Farm  Barns  and/or  Stables,  must  take  the  rate  of  "All  other 
stables  "  as  given  on  page  131  of  Hand  Book,  viz.: 

Brick,  contents 1  00 

Brick  and  frame  building  and  contents 1  25 

Frame  building  and  contents. 1  50 

Ferry  Boats,  plying  on  regular  ferries  between  the  Cities  of 
New  York,  Brooklyn,  Long  Island  City,  Jersey  City, 

Hoboken,  Weehawken  and  Staten  Island 50 

Ferry  Houses 1  25 

t  Fertilizers 60 

Fireworks.    Privilege  to  keep  fireworks  must  be  charged 
for  additional  to  rate  of  original  policy  at  the  short 

rate  of 2  50 

The  minimum  charge  shall  be  that  for  a  term  of  one  month. 
The  2.50  rate  for  fireworks  privilege  must  be  charged  on 
building  as  well  as  contents.    Also  no  deduction  may  be  made 
from  this  rate  for  100  per  cent.  Average  Clause,  sole  occupancy, 
automatic  sprinklers  or  alarm.     Also  no  charge  less  than 
that  for  one  month,  viz.,  50  cents,  can  be  made.    No  charge 
need  be  made  for  the  sale  of  only  fire-crackers  or  torpedoes, 
but  there  must  in  such  case  be  a  stipulation  that  no  fireworks 
are  to  be  kept  or  sold. 
The  charge  of  50  cents  per  month  for  privilege  to  keep  Fire- 
works must  be  increased  25  per  cent,  when  such  privilege 
is  granted  on  policies  covering  in  frame  buildings. 

fFish 50 

fFishing  and  Fowling  Tackle 75 

Fixtures  and  Furniture  rate  same  as  contents  and  subject  to 

same  deductions  as  contents  policy. 
fFlags  or  Awnings —..-. 75 


GENERAL     MINIMUM     RATES.  120 

Flats,  see  Dwellings,  etc. 

Floating  Baths,  (public)  building  and  contents 1  25 

Floating  Policies — (merchandise). 

No.  1,  Ordinary  excess  floater,  excluding  cotton 1  25 

"    2,         •*         limited  floater,  excluding  cotton 1  25 

"    3,         "         excess  cotton  floater 2  50 

"    4,         "         limited  cotton  floater 2  50 

"    5,  Broad  excess  floater,  excluding  cotton 2  50 

"    6,       "     limited  floater,  excluding  cotton 2  50 

"    7,        "      excess  cotton  floater 2  50 

"    8,        "      limited  cotton  floater 2  50 

Automatic  Fire  Alarm  Service,  on  wiring,  thermostats, 

connections,  indicator  boxes  and  all  other  property- 
incidental  to  the  Automatic  Fire  Alarm  Service,  includ- 
ing cost  of  labor  of  installing  the  equipment,  contained 
in  any  building  in  the  Boroughs  of  Manhattan  and 
Brooklyn,  New  York  City.  Liability  limited  to  not 
more  than  $500.00  in  any  one  building.  Rate  1.25. 
Subject  to  Full  Average  Clause  without  5  per  cent, 
waiver. 

Brewery  interest  as  owner  or  chattel   mortgagee  in 

saloon  furniture  and  fixtures  while  contained  in  build- 
ings located  within  the  territory  of  this  Exchange 
with  100  per  cent.  Average  Clause  and  without  the  5 
percent,  waiver 1  25 

Clothing  in  process  of  manufacture  in  dwellings,  or  in 

dwellings  in  buildings  occupied  as  stores  with  war- 
ranty for  exclusively  dwellings  above  the  grade  floor, 
with  100  per  cent.  Average  Clause,  and  without  5  per 
cent,  waiver 2  00 

Household  Furniture  Floaters   covering  in  dwellings 

and/or  Stores  with  exclusively  dwellings  above  the 
grade  floor,  and  so  warranted  in  policies  (with  100  per 
cent.  Average  Clause  and  without  the  5  per  cent, 
waiver) 1  00 

Housefurnishings,  wall  and  ceiling  decorations,  wall 

papers,  and  wall  coverings,  ladders,  scaffolding,  lum- 
ber, painters'  and  decorators'  supplies,  and  all  tools, 
implements  and  utensils  used  in  the  business  of  as- 
sured as  housefurnishers  and  decorators,  all  while 
contained  in  any  brick  or  frame  building  occupied 
for  dwelling  purposes  only,  and  so  warranted  In 
policies,  situate  anywhere  in  the  Borough  of  Man- 
hattan, in  the  Borough  of  Brooklyn,  in  that  portion 


GENERAL     MINIMUM     RATES.  121 

of  the  Borough  of  Queens  known  as  Long  Island 
City,  and  that  portion  of  the  Borough  of  the  Bronx 
west  of  the  Bronx  River,  all  in  Greater  New  York, 
and  in  that  portion  of  Hudson  County,  New  Jersey, 
east  of  the  Hackensack  River  (with  100  per  cent. 
Average  and  without  the  5  per  cent,  waiver) 1  00 

-Manufacturing  Floater  must  be  written  under  the  tariff 
form  and  rate  (see  page  101). 

-Neckwear  Floaters  covering  in  Dwellings  and/or  Stores 
with  exclusively  dwellings  above  grade  floor  and  so 
warranted  in  policies  (with  100  per  cent.  Average 
Clause  and  without  the  5  percent,  waiver) 2  00 

-Piano  Forte  Floaters  covering  in  Dwellings  and /or 
Stores  with  exclusively  dwellings  above  grade  floor 
and  so  warranted  in  policies  (with  100  per  cent.  Aver- 
age Clause  and  without  the  5  per  cent,  waiver) 1  00 

-Printers  Floaters 4  00 

-Soda  Fountains  and  all  appurtenances  and  connections 
while  contained  in  /or  on  the  premises  or  in  front  of 
any  building  in  the  City  of  New  York,  with  100  per 
cent.  Average  Clause  and  without  5  per  cent,  waiver..  1  25 

It  being  understood  that  wherever  this  insurance  may  cover 

not  more  than  10  per  cent,  amounting  to  $ 

shall  apply  or  cover  in  or  in  front  of  any  building. 

-Soda  Water  Fountains  and  Apparatus  in  connection 
therewith,  contained  in  any  building  occupied  as 
store  with  exclusively  dwellings  above  the  grade  floor 
and  so  warranted  in  policies  (with  100  per  cent. 
Average  Clause  and  without  the  5  per  cent,  waiver)...  1  00 

-Tackle  gear  and  appurtenances  pertaining  to  a  steve- 
dore's business  while  in  transitu  in  or  on  any  of  the 
streets,  yards,  wharves,  piers  and  bulkheads  in  the 
Cities  of  New  York,  Brooklyn,  Jersey  City  and  Hoboken 
and  while  afloat  in  transitu  in  the  Ports  of  said  Cities. 
(For  conditions  of  Average  Clause  and  exceptions 
named,  see  form  as  printed  on  Circular  No.  159. )   Rate  1  75 

-Tanks  for  Soda  Water  and  Similar  Liquids,  valued  at 
$25.00  each,  while  contained  in  any  building  occupied 
as  a  store  with  dwellings  only  above  grade  floor,  in 
the  territory  of  the  Exchange 25 

■Typewriter  machines  in  buildings  occupied  exclusively 
for  dwellings  and/ or  stores  with  exclusively  dwellings 
above  grade  floor  and/or  exclusively  office  purposes 
and  so  warranted   in   policies,  with   100   per   cent. 


GENERAL     MINIMUM     RATES.  12^ 

Average  Clause  and  without  the  5  per  cent,  waiver 1  00 

Any  other  form  of  floater  desired  covering  merchandise 

or  other  kinds  of  personal  property  not  less  than 2  50 

fFlooring,  Parquetry 1  25 

*fFlorists'  Stock 1  50 

Furniture  and  Fixtures 75 

Flouring  or  Feed  Mills,  steam,  buildings  and  contents 3  00 

fFlour  and  Feed  Stores,  retail 60 

fFlour  Warehouses,  wholesale  stocks 40 

Foundries  and  Machine  Shops : 

Brick,  buildings  and  contents 1  00 

Frame,  or  brick  and  frame,  Building 2  00 

Contents 2  00 

fFowling  and  Fishing  Tackle 75 

*t Fruit  (other  than  dried  Fruit) 1  00 

fFruit,  Dried 00 

Furniture,  Household.    See  Household  Furniture. 
Furniture  and  Fixtures  rate  same  as  contents,  and  subject  to 
same  deductions  as  contents  policy. 

fFurniture  Salesroom,  without  privilege  to  work 1  25 

With  privilege  to  varnish,  oil  and  upholster. 1  75 

Furniture  Storage.    Building 1  00 

Contents 1  50 

fFurs,  dressed  or  finished 1  00 

fFurs,  undressed 75 

*t Games  or  Toys 1  25 

fGasfitters  and  Plumbers 75 

Gas  Houses  or  Gas  Works,  Gas  Tanks  and  all  other  prop- 
perty,  including  buildings  and    machinery  and  other 

contents 75 

f  Gas  Fixtures 80 

f  Gents'  Furnishing  Goods 75 

Glass  Blowers,  Ornamental 1  50 

f  Glass,  Plate  or  Window,  in  boxes  or  unpacked 75 

fGlassware,  Crockery  and  China,  in  packages  and  open 1  00 

fGlaziers  and  Painters 1  50 

*f  Gloves f :. 1  00 

-{•Glue  and  Sandpaper 75 

Gold  and  Silver  Beaters 75 

Graded  Grain,  in  series  of  stores 1  25 

I.  P.  Grain,  when  in  two  or  more  stores 75 

Grain  Elevators,  building  and  contents,  public 2  50 

Grain   Warehouses,    with    elevators    attached    (Transfer 

Elevators) 1  25 


GENERAL     MINIMUM     RATES.  123 

♦Graph oph ones  and  Graphophone  Records 1  25 

Greenhouses  (strictly  private,  if  detached). 

Building  and  Heating  Apparatus 75 

Contents 2  00 

Greenhouses.    Building 1  50 

Contents 2  00 

fGroceries  or  Grocers'  Supplies 50 

fGuano 60 

fGunny  Bags 50 

fGuns 75 

fGunsmiths 75 

fHair  Dressers  or  Barbers 75 

♦fHair,  Human 1  00 

fHardware  or  Locks 75 

Hardwood,  Mahogany,  Staves  and  Timber  Yards f. 60 

fHarness  or  Saddlery 75 

fHats  or  Caps 75 

fHay  and  Straw,  bundles  and  bales 2  00 

fHerbs  and  Roots \ 75 

f  Hides  and  Leather — 

Belting  Leather,  Hides,  Kips,  Rough  Leather  and  Sole 

Leather 25 

Grain  Leather,  Harness  Leather,  Split  Leather,  Tanned 

Calf  Skins  and  Upper  Leather  made  from  Hides 40 

Fancy  Leather  and  Morocco,  General  Shoe  Finding 
Stock,  Tanned  Kids,  Tanned  Sheep  Skins,  General 
Stock  of  Fancy  Skins  for  Tanning,  Untanned  Calf, 

Goat  and/or  Sheep  Skins,  Kangaroo  Skins 75 

fHollowware  (metal  pots,  etc.) 60 

Homes.    Building 25 

Contents 40 

fHops 1  00 

fHorn  Goods 75 

Hospitals.    Building 25 

Contents 40 

Horse  Car  Stables,  building  and  contents 1  50 

Horseshoers  or  Blacksmiths : 

Brick.    Contents l  00 

Frame  or  brick  and  frame,  Building  and  contents 1  50 

Horseshoers  or  Blacksmiths  (except  as  below),  hand  power, 

with  no  wood  working 75 

Horseshoers  or  Blacksmiths,  hand  power,  with  no  wood 
working,  occupying  one  floor  only,  namely:  grade  floor 
or  basement,  with  only  dwellings  above  grade  floor 50 


GENERAL     MINIMUM     RATES.  124 

fHose  and  Rubber  Belting,  rubber  exclusively 50 

fHosiery,  Notions  and  White  Goods 75 

fHouse  Furnishing  Goods 1  00 

Household  Furniture,  50  per  cent,  of  the  highest  contents. 
House  furnishings,  wall  and  ceiling  decorations  (floater),  see 
Floating  Policies,  page  120. 

fHouse  Trimmings,  Doors,  Sashes  or  Blinds 1  00 

♦fHuman  Hair 1  00 

flnstruments,  scientific  or  mathematical 1  00 

flron  in  Pigs 25 

Iron  in  Pigs,  if  written   specific   and   with   100   per   cent. 

Average  Clause  as  follows: 
In  Private  Storage  Stores,  25  cents. 
In  fibre  stores,  30  per  cent,  discount  from  established  storage 

rates. 
On  Piers,  30  per  cent,  discount  from  contents  rate  of  pier. 
When  Iron  in  Pigs  is  contained  in  non-fibre  listed  storage 
stores  it  shall  be  written  at  proper  addition  to  Base  Rate 
of  charge  named  therefor  in  the  Alphabetical  List. 

flron,  in  sheet,  wire,  hoop,  bar,  bolts  or  rod 40 

flvory  and  Bone  Goods 75 

*f  Japanese,  Chinese  and  Oriental  Goods 1  25 

f  Jewelers  or  Machinists  Tools  or  Supplies 75 

f  Jewelry,  including  watches,  clocks    and   bronzes,  out  of 

safes 50 

In  fire-proof  safes  (except  watches) 35 

Jewelry  or  Silverware  Manufacturing  (rates  whole  building)      60 
Jewelry  or  Silverware  in  fire-proof  safes  where  manufactur- 
ing is  d  one,  with  100  per  cent.  Average  Clause 30 

f  Junk  Stores,  no  rags  and  waste 2  00 

♦fKid  Gloves 1  00 

f  Knit  Goods 75 

f  Labels 1  00 

fLaces,  Embroideries  and  Curtains 75 

f  Ladies  Tailors 80 

fLamp  Stores 1  00 

Laundries,  steam 2  00 

Laundries,  hand 1  00 

Laundry    Receiving   Stations,    with   warranty    that    no 

laundry  work  shall  be  done  on  the  premises 75 

fLead  in  Pigs 25 

Lead  in  Pigs,  if  written  specific  and  with   100   per  cent. 

Average  Clause  as  follows: 
In  Private  Storage  Stores,  25  cents. 
In   fibre   stores,    30   per   cent,    discount  from    established 


GENERAL     MINIMUM     RATES.  125 

storage   rates.     On   Piers,    30   per   cent,    discount  from 
contents  rate  of  pier. 
When  Lead  in  Pigs  is  contained  in  non-fibre  listed  storage 
stores  it  shall  be  written  at  proper  addition  to  Base  Rate 
of  charge  named  therefor  in  the  Alphabetical  List. 
fLeather  (see  Hides  and  Leather). 

•{■Leather  Bags,  Pocket  Books  or  Trunks 75 

•{•Libraries  (Public) 60 

•{•Linoleum,  Carpets,  Oil  Cloth  or  Matting 50 

fLiquor  and  Beer  Saloons 60 

fLiquors  or  Wines,  with  or  without  privilege  to  bottle  or 

pack 60 

Lithographers  and  Printers,  foot  and  hand  power 1  00 

Steam  Power 1  75 

If  warranty  is  made  against  use  of  benzine  and  other 
products  of  petroleum,  25  per  cent,  may  be  deducted 
(except  from  specific  rates). 

Live  Cattle 75 

•{•Locks  or  Hardware 75 

■{■Locksmith 75 

*f  Lodge  Regalia  and  Furniture 1  00 

Lodging  Houses — 

All  contents  of  any  building  occupied  either  wholly  or 

in  part  for  such  purposes,  not  less  than 75 

Building 45 

♦■{•Looking  Glass,  Picture  Frame  or  Moulding 1  25 

Lumber  Yards  and  Sheds,  buildings  and  contents. 

Soft  Wood 1  00 

Hard  Wood 60 

Logs,  Timber,  Staves,  Mahogany 60 

Machine  Shops  and  Foundries- 
Brick,  buildings  and  contents 1  00 

Frame,  or  brick  and  frame,  Building 2  00 

Contents 2  00 

•{•Machinists  or  Jewelers  Tools  and  Supplies 75 

Mahogany,  Hardwood  and  Staves 60 

•{•Malt 75 

Malt  Houses- 
Frame,  or  brick  and  frame,  Building 1  25 

Contents 1  50 

Brick,  Building 75 

Contents 1  00 

Manufacturing  Jeweler 60 

Manufacturing  Risks.    Steam  power  unless  specifically  rated  or 


GENERAL     MINIMUM     EATES.  126 

stated,  2.00,  and  other  contents  of  less  haeard  not  less  than 
1.50. 

Steam  power  shall  include  all  risks  using  any  motive  power, 

whether  steam,  electricity,  hot  air,  gas  or  oil  to  operate 

machinery. 

Hand  power  shall  include  all  manufacturing  risks  where 

motive  power  or  shafting  is  not  used  to  operate  machinery. 

fMarble 60 

fMarket  Houses,  brick 1  00 

fMarkets,  Retail,  Meat 50 

fMarquetry 1  25 

fMatches 1  25 

f Mathematical  or  other  Scientific  Instruments 1  00 

fMatting 50 

fMeat  Markets,  Retail 50 

Mechanics  privilege.    See  page  62. 

fMedicines,  Patent 1  00 

fMerchant  Tailors 60 

fMercury  in  Flasks 25 

Mercury  in  Flasks.    If  written  specific  and  with  100  per  cent. 

Average  Clause  as  follows : 
In  Private  Storage  Stores,  25  cents. 
In  non-fibre  stores,  25  cents. 
In  fibre  stores,  30  per  cent,  discount  from  established  storage 

rates. 
On  piers,  30  per  cent,  discount  from  contents  rate  of  pier. 
When   mercury  in  flasks  is  contained    in   non-fibre   listed 
storage  stores  it  shall  be  written  at  proper  addition  to 
Base  Rate  of  charge  named  therefor  in  the  Alphabetical 
List. 
fMetals,  in  pig,  bar  and  rod  (applies  to  iron  when  in  pig 

only) 25 

♦fMilitary  Goods 1  50 

♦fMilliners  or  Millinery  Goods 1  25 

Where  making  of  millinery  is  carried  on  with  not  more  than 
five  hands  in  living  apartments  of  a  building  otherwise  occu- 
pied exclusively  as  dwellings  and/ or  stores  with  exclusively 
dwellings  above  grade  floor  such  limited  occupancy  shall 
not  affect  the  rate,  providing  there  is  no  salesroom  in  con- 
nection with  the  business  named ;  and  the  usual  commis- 
sion payable  upon  dwellings  or  stores  with  exclusively 
dwellings  above  may  be  allowed  upon  policies  covering 
such  limited  occupancy. 

fMineral  Waters 50 

f  Mouldings 1  25 

♦fMusical  Instruments  and  Printed  Music 1  25 

fNails 75 


GENERAL     MINIMUM     RATES.  127 

fNaval  Stores 1  50 

Neckwear 75 

Neckwear  Floaters,  see  Floaters. 

fNitrate  Soda 1  00 

fNotions,  White  Goods  and  Hosiery 75 

Office  Buildings,  ordinary,  Contents 40 

Building 20 

Office  Buildings,  libraries,  furniture   and   fixtures  in  fire- 
proof buildings,  occupied  solely  above  grade  floor  for 

office  purposes 20 

Office  furniture  and  fixtures  in  building  occupied  as  offices 

on  grade  floor  with  exclusively  dwellings  above 40 

fOil  and  Petroleum  Stores 2  50 

fOil  Cloth 50 

fOiled  Clothing 1  50 

fOils,  Petroleum,  Illuminating 2  50 

Lubricating,  Fish  and  Vegetable 1  00 

Essential 1  00 

*fOptical  Goods 1  00 

*fOrgans 1  25 

*fOriental  Japanese  and  Chinese  Goods 1  25 

Ornamental,  Glass  Blowers 1  50 

♦■{•Ornaments,  Books  or  Supplies  (church  or  religious) 1  00 

fOstrich  Feathers,  Raw 50 

Oyster  Barges,  if  moored  to  bulkhead  or  pier 1  25 

fPaint  and  Varnish  stocks 1  50 

fPainters  and  Glaziers 1  50 

*f Paintings  for  Exhibition,  value  expressed 1  00 

Paper  Box  Factories- 
Machinery  and  Fixtures 1  25 

Stock  1  75 

-J-Paper,  in  packages  only 60 

fPaper,  Paper  Bags  and  Twine 1  00 

Paper  Hanging  Factories,  Contents 2  00 

Building 1  50 

*fPaper  Hanging  and  Decorations 1  25 

Paper,  Waste,  see  Rags. 

fParasols  and  Umbrellas 75 

fParquetry  Flooring 1  25 

^Patent  Medicines 1  00 

*fPatterns,  cloth  or  paper 1  00 

*fPawnbrokers  Stock 1  00 

Pawnbrokers  Stock  in  approved  Fire-proof  Safes,  with  100 

per  cent.  Average  Clause 40 

With  80  per  cent.  Average  Clause 50 

fPawnbrokers  Right  and  Interest  out  of  safes 60 


GENERAL     MINIMUM     RATES.  128 

Pawnbrokers  Right  and  Interest  in  safes 40 

See  page  102  for  form  of  policy. 

•{-Perfumery  and  Soaps 75 

Phonographs  and  Phonograph  Records 1  25 

*fPhoto  and  Artists'  Supplies 1  25 

fPhotographic  Galleries 1  50 

Physicians  and /or  Dentists  tools,  materials  and  appa- 
ratus, when  -written  specifically  and  when  located  in 
dwellings  or  in  buildings  occupied  as  stores  on  the  first 
floor  with  exclusively  dwellings  above,  and  so  war- 
ranted in  policy 50 

Where  the  assured  makes  his  home  on  the  premises,  dental 
tools  or  physicians  implements  may  be  written  at  same  rate 
as  household  furniture  (no  change  in  warranty  for  dwellings 
or  store  with  exclusively  dwellings  above  being  required), 
but  when  such  dentist  or  physician  rents  an  office  in  a  build- 
ing apart  from  his  home  such  risk  shall  be  considered  busi- 
ness occupancy,  and  written  at  the  minimum  named  in  Hand 
Book  or  at  specific  rate  obtained  from  the  Exchange. 

*fPianos 1  25 

Piano  Forte  Floaters,  see  Floaters,  page  121. 

fPiano  Makers  Supplies 1  00 

Picnic  Grounds 2  00 

*fPicture  Frames 1  25 

*f  Pictures,  Prints  and  Art  Goods 1  25 

Pie  and  Bread  Bakery,  steam 1  25 

Piers  and  Wharves,  and  pier  or  wharf  buildings 1  25 

Pier  Structures,  namely,  uncovered  pier  structures  or  open 

wharves 60 

Piers,  contents,  see  wharves. 

Piers  in  course  of  construction 1  00 

Pile  Drivers,  Floating 1  00 

f Plate  and  Window  Glass  (in  boxes  or  unpacked) 75 

fPlumbers  and  Gas  Fitters 75 

f  Plumbers  Supplies 75 

fPlushes  and  Velvets 75 

f Pocket  Books 75 

*fPrinted  Music 1  25 

Printers  and  Lithographers,  foot  and  hand  power 1  00 

Steam  power 1  75 

Printer  by  Power,  with  no  cylinder  press,  occupying  one 
floor  of  a  building  only,  namely,  grade  floor  or  base- 
ment, with  only  dwellings  above  grade  floor 1  25 

If  warranty  is  made  against  use  of  benzine  and  other 
products  of   petroleum,  25   cents    may  be  deducted 
(except  from  specific  rates). 
fProduce,  Country 50 


GENERAL     MINIMUM     EATES.  129 

fProviskms,  Salted 50 

Provision  establishments,  (except  Smoke  Houses) 1  00 

Provision  establishments,  Smoke  Houses 1  75 

•{•Publishers,  Booksellers  and  Stationers 75 

f  Rags,  waste  and  waste  paper  (privilege  to  sort) 3  00 

*fRaw  Feathers  except  Ostrich 1  50 

fRaw  Ostrich  Feathers 50 

fRaw  Silk 40 

•{■Restaurants 75 

Riding  Academies,  see  Stables. 
f  Rigging  Lofts  and  Sail  Makers  with  privilege  to  heat  wax 

and  pitch 1  50 

f Rigging  Lofts  and  Sail  Makers,  policies  to  warrant  wax 

and  pitch  not  to  be  heated 60 

Rolling  Mills,  brick,  Building  and  Contents 1  00 

Frame  or  brick  and  frame,  Building 2  00 

Contents 2  00 

-{•Roots  and  Herbs 75 

fRope  and  Twine 75 

fRubber  Belting  and  Hose  (exclusive  stocks) 50 

fRubber  Clothing  or  Rubber  Goods 75 

Rubber,  Crude,  see  Crude  Rubber. 

-{■Saddlery  or  Harness 75 

-{-Safes 35 

Goods  in  approved  fire-proof  safes,  with  100  percent.  Average 
Clause,  may  be  written  at  30  per  cent,  reduction ;  and  with 
80  per  cent.  Average  Clause  at  10  per  cent,  reduction.    The 
form  must  specify  fire-proof  safes.    The  words  "iron  safes" 
may  not  be  used. 
This  allowance  may  be  made  only  on  policies  written  under 
General  Minimums.    If  a  risk  is  specifically  rated  or  sub- 
ject to  specific  rate  application  must  be  made  to  the  Man- 
ager if  a  reduced  rate  on  goods  in  fire-proof  safes  therein 
is  desired. 
It  is  a  violation  to  include  in  a  policy  covering  goods  in  fire- 
proof safes  a  condition  that  such  goods  are  covered  while 
temporarily  out  of  safes  unless  rate  is  advanced  to  that  of 
stock  out  of  safes, 
f Sail  Makers  and  Rigging  Lofts  (with  privilege  to  heat  wax 

and  pitch) 1  50 

With  warranty  not  to  heat  wax  or  pitch 60 

Saloons,  (Beer  and  Liquor) 60 

fSalt 50 

-{•Salted  Provisions 50 

f  Saltpeter 1  00 

■{•Samples,  Cotton  Brokers 1  50 

fSandpaper  and  Glue 75 


GENERAL  MINIMUM  BATES.  130 

f  Sashes,  Doors  and  Blinds 1  00 

f  Scales 75 

School  Houses — 

Building 25 

Contents 40 

To    apply  to    all    day  schools  with  accommodations 
for    exceeding    50    scholars,    and    to    all     boarding 
schools. 
Private  Schools  accommodating  50  scholars  or  less,  with 
warranty  to  that  effect — 

Building 15 

Contents 25 

fScientific  Instruments 1  00 

fSeeds 1  00 

fSegars 75 

Seminaries,  Building 25 

Contents  40 

fSewing  Machine  Stores 75 

fSewing  Silks 75 

fShells  75 

fShip  Chandlery 1  50 

fShipping  Agents'  Stocks,  no  fibre 75 

With  fibre 1  50 

fShoemakers  Supplies  or  Findings 75 

fShoes  and  Boots 50 

fShooks  and  Staves 60 

f  Shooting  Galleries 75 

fSilks,  Raw 40 

fSilks  and  Satins 75 

Silverware,  out  of  safes 50 

In  fire-proof  safes 35 

Silverware  or  Jewelry  Manufacturing,    (rates  tenants  in 

whole  building) 60 

Silverware  or  Jewelry,  in  fire-proof  safes  where  manufac- 
turing is  done,  with  100  per  cent.  Average  Clause 30 

Slaughter  Houses,  brick,  no  rendering 1  50 

With  rendering 2  50 

Frame,  no  rendering 2  50 

With  rendering 3  50 

fSleighs  and  Carriages 75 

Smoke  Houses,  see  Provision  establishments. 

fSmokers  Supplies 75 

fSoaps  and  Perfumery 75 

Soda  Fountain  Floater  (see  Floating  Policies). 
Soda  Water  Tanks  Floater  (see  Floating  Policies). 
fSoda,  nitrate 1  00 


GENERAL     MINIMUM    RATES.  131 

fSpelter 25 

Spelter,  if  written  specific  and  with  100  per  cent.  Average 

Clause  as  follows : 
In  Private  Storage  Stores,  25  cents. 
In  fibre  stores,  30  per  cent,  discount  from  established  storage 

rates. 
On  piers,  30  per  cent,  discount  from  contents  rate  of  pier. 
When  Spelter  is  contained  in  non-fibre  listed  storage  stores, 
it  shall  be  written  at  proper  addition  to  Base  Rate  of 
charge  named  therefor  in  Alphabetical  List. 

fSpice,  only 75 

fSpices,  Coffee  and  Teas,  wholesale   and   retail,  including 

sample  stocks 60 

fSpirits  of  Turpentine 1  00 

fSponges  and  Chamois  Leather 75 

fSporting  Goods 75 

Stables- 
Livery,  Sales  or  Boarding,  brick,  contents 1  25 

Frame,  or  brick  and  frame,  building  and  contents 1  75 

Stage  Stables,  building  and  contents 1  50 

Private  Family  Stables,  warranted  as  such. 

Brick,  Stone  or  Iron.    Building 20 

Contents 26 

Frame  or  Brick  Filled.    Building 32 

Contents 32 

All  other  Stables :  Brick,  Contents 1  00 

Brick  and  Frame,  building  and  contents 1  25 

Frame,  building  and  contents 1  50 

If  in  writing  policies  covering  in  stables,  a  phrase  is  used 
covering  vehicles  generally,  it  must  be  in  the  following 
form :  "  On  vehicles  of  every  description,  excluding  auto- 
mobiles of  all  kinds." 

fStationers,  Publishers  and  Booksellers , 75 

fStaves,  Timber,  Hardwood,  Mahogany 60 

Steam  Bakeries,  Bread  and  Pie 1  25 

Steam  Cracker  Bakery 1  75 

Steam  Dredges 1  50 

Steam  Manufacturing  Risks,  unless  specifically  rated    or 

stated 2  00 

Other  Contents  of  less  hazard 1  50 

fSteel 60 

Storage  Stores  (listed)  non-fibre,  when  exposed  by  fibre 
stores  (see  page  60). 
Listed,  Cotton  and  Fibre, 

Cotton  alone.    Building 1  75 

Contents 1  75 


GENERAL  MINIMUM  RATES.  132 

Fibre  other  than  Cotton,  or  cotton  with  same, 

Building 2  25 

Contents 2  25 

Unlisted,  Cotton  and  Fibre, 

Cotton  alone.    Building 1  75 

Contents 1  75 

Fibre  other  than  Cotton,  or  cotton  with  same, 

Building 2  25 

Contents 2  25 

For  Furniture.    See  Furniture  Storage. 

Exclusively  for  grain  other  than  elevators 1  25 

Store  Furniture  and  Fixtures,  rate  same  as  contents,  and 

subject  to  same  deductions  as  contents  policy. 
Stores  and  dwellings  (other  than  in  Long  Island  City), 
warranted  for  dwelling  occupation  exclusively  above 
grade  floor. 
Brick,  Stone  or  Iron : 

Building 20 

Household  Furniture 24 

Frame  or  brick  filled : 

Building 40 

Household  Furniture 40 

Stocks  and  contents  other  than  household  furniture  take 

general  minimum  rates. 
A  one  story  building  occupied  for  mercantile  purposes  in 
front  with  a  dwelling  in  rear  of  same,  if  not  specifically 
rated,  may  be  written  at  the  same  minimum  rates  as 
would  apply  to  stores  with  exclusively  dwellings  above. 

fStoves 60 

fStraw  and  Hay  (bundles  and  bales) 2  00 

fStraw  Goods,  Wholesale  (in  packages) 75 

*fRetail 1  00 

fSugars  and  Syrups 50 

Sugar  Refineries,  building  and  contents 3  00 

Sugar  Refineries,  not  in  operation  and  closed  for  a  definite 

period,  building  and  contents  (warranted) 1  50 

*fSurgical  Instruments 1  00 

Sweat  Shops  (being  all  classes  of  such  risks  occupying  the 
major  part  of  the  building). 

Contents 5  00 

Building 4  00 

fSyrups  and  Sugars 50 

fTailor,  Merchant 60 

Tailors  work  shops,  see  Sweat  Shops. 

fTailors  Trimmings 75 

fTailors  Trimmings  with  Cloths 75 

fTallow 50 


GENERAL     MINIMUM     RATES.  133 

*t  Taxidermists 1  50 

fTeas,  Coffees  and  Spices,  wholesale  and  retail,  including 

sample  stocks 60 

Tenements,  see  Dwellings,  etc. 

fTerra-Cotta  Ware 75 

Telegraph  and  Telephone  apparatus,  furniture  and  fixtures, 

in  District  Call  Stations 60 

Telegraph  and  Telephone  Buildings,  contents 2  00 

Theatres,  fire-proof,  Building 2  00 

Contents 3  50 

Not  fire-proof,  Building 3  00 

Contents 4  00 

♦■{•Theatrical  Goods 1  50 

fTiles 75 

Tin,  Block.    See  Block  Tin. 

fTin  Plate 50 

Tinsmiths 1  00 

fTobacco 75 

Tobacco  and  Cigarette  Factories 2  00 

Tobacco  Inspection 1  00 

*fToys  and  Games 1  25 

•{■Trimming  Stores 75 

•{•Trunks  and  Bags 75 

fTrusses,  Artificial  Limbs 1  00 

Turkish  Baths 75 

fTurpentine,  Spirits  of 1  00 

Tug  Boats  (constructed  for  towing  only),  other  than  ocean- 
going tugs  (Tug  Boats  which  go  to  sea  exclusively  for 
towing  scows  to  dumping  grounds,  not  to  be  considered 

as  ocean-going  tugs) 75 

fTwine,  Paper  and  Paper  Bags 1  00 

•{•Typewriters 75 

Typewriter  Floater  (see  Floating  Policies). 

•{■Umbrellas  and  Parasols 75 

-{■Undertakers  stocks 1  00 

•{•Undertakers  stocks,  with  warranty  for  no  woodworking 

or  varnishing 60 

Unoccupied  Buildings  (not  to  include  buildings  in  course  of 

construction  or  dwellings).    (See  warranty,  page  73)....      50 

Upholsterers  (no  mattress  manufacturing) 1  50 

•{•Upholsterers  Hardware 75 

■{•Upholsterers  Supplies 60 

■{■Variety  Stores 1  50 

fVarnish  and  Paint  Stock 1  50 

fVarnish  Gums  (stocks  consisting  exclusively  of) 50 

Vaults  under  sidewalks,  cut  off  from  building  by  approved 

fire  doors,  contents  of— In  entire  Metropolitan  District..      40 


GENERAL     MINIMUM     RATES.  134 

The  minimum  for  Contents  of  Vaults  (40c.)  is  limited  by  the 
rule  (page  52)  regarding  occupants  of  specifically  rated  risks 
who  are  not  named  on  the  card,  viz.,  that  such  occupant 
may  not  be  written  at  minimum  rate,  but  must  be 
written  subject  to  specific  rate  with  application.  There- 
fore, in  case  insurance  is  asked  on  contents  of  vaults  in  a 
specifically  rated  risk— such  item  not  being*  mentioned  on 
the  card — members  cannot  accept  it  at  the  40c.  minimum, 
but  can  only  do  so  subject  to  specific  rate,  with  applica- 
tion for  same. 

fVelvet  and  Plushes 75 

t  Veneers 1  50 

fWadding  and  Cotton  Bats 1  25 

•fWall  Decorations 1  25 

Wall  Paper  Factories,  Contents 2  00 

Building 1  50 

f  Waste,  rags,  and  waste  paper,  privilege  to  sort 3  00 

fWhale  Bone 40 

Wharf  and  Pier  Risks,  contents,  covered,  warranty  against 

storage  of  cotton,  jute  or  other  fibre 1  00 

Open,  with  same  warranty 25 

Covered  or  Open,  cotton,  warranty  against  storage  of 

jute,  hemp  or  sisal 1  50 

Covered  or  Open,  fibre  other  than  cotton  or  cotton  with 

same 2  00 

Wharves  and  Piers  and  pier  and  wharf  buildings 1  25 

Wharves,    namely,    open    wharves    or    uncovered    wharf 

structures 60 

fWhip  Stocks 75 

fWhite  Goods,  Hosiery  and  Notions 75 

fWillow  or  Wooden  Ware 1  25 

f  Window  and  Plate  Glass  (in  boxes  or  unpacked) 75 

fWindow  Shade  Stores 75 

fWines  or  Liquors,  with  or  without  privilege  to  bottle  or 

pack 60 

fWire  or  Wire  Goods 1  00 

-f-Wood  and  Willow  Ware 1  25 

Wood  Workers,  hand  power  (except  as  below), 

Building 1  00 

Contents 1  50 

Wood  Workers,   hand  power,   occupying  one  floor  only, 
namely,  grade  floor  or  basement,  with  only  dwellings 

above  grade  floor 75 

Wood  Workers,  steam  power,  building  and  contents 2  00 

fWool 40 

fWoolens 40 

fYarns,  Woolen  and  Cotton 50 

\  B  R  A  ft  p* 

~    or  THE 

UNIVERSITY 


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HQ,  3753 
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